By Reuters Staff
2 Min Read
BEIRUT, March 12 (Reuters) - Thousands marched in central Beirut on Friday demanding a new independent government to lift Lebanon out of its deepening crisis as frustration over the country’s financial meltdown grew.
Lebanon’s economic crisis is posing the biggest threat to its stability since the 1975-1990 civil war.
Erupting in late 2019, it has since wiped out jobs, locked people out of their bank deposits, slashed 85% of the value of its currency and raised the risk of widespread hunger.
“In light of the terrible failure of those in power socially and politically we are going to the streets to ask for a new independent government and an alternative to the current system,” a statement by one group of protesters said.
Posted Newsletter
Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc. Email Address There was an error, please provide a valid email address. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300
Thanks for signing up!
A welcome email is on its way. If you don t see it please check your junk folder.
Article content
BEIRUT Most Lebanese subsidies are covered until June but fuel for electricity generation will run out by the end of March and efforts are being made to keep it going, Caretaker Prime Minister Hassan Diab said on Tuesday.
Diab’s government has been serving in a caretaker capacity since it resigned after the Aug. 4 Beirut port blast that destroyed large parts of the capital and killed 200 people.
We apologize, but this video has failed to load.
Try refreshing your browser, or Lebanon PM Diab says most subsidies covered until June Back to video
“Right now the fuel for the electricity company can last until end-March, but we are making efforts to secure new credit lines to cover needs,” Diab told Reuters.
Syria ups local wheat purchasing price for 2021 season agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.