Lebanon is like a sinking ship that will go under unless action is taken, Parlia...
BEIRUT - Lebanon is like a sinking ship that will go under unless action is taken, Parliament Speaker Nabih Berri was quoted as saying on Monday, referring to the country’s deep economic and political crisis.
Struggling with a massive public debt and economic stagnation, Lebanon has sunk into major political trouble since protests erupted against its ruling elite a month ago, leading Prime Minister Saad al-Hariri to quit on Oct. 29. Efforts to form a new government, needed to enact urgent reforms, hit a setback at the weekend when former finance minister Mohammad Safadi withdrew his candidacy for the post of prime minister, sparking bitter recriminations.
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