Lebanese house speaker urges economic state of emergency

Source: Xinhua| 2019-11-04 19:37:13|Editor: xuxin
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BEIRUT, Nov. 4 (Xinhua) -- Lebanese House Speaker Nabih Berri urged for an economic state of emergency and the quick formation of a new government in Lebanon, local newspaper Al-Joumhouria reported on Monday.

"The formation of a new government is not enough. We should work fast on finding solutions to the deteriorating economic situation in Lebanon before it is too late," Berri said.

Berri also emphasized the need for the civil society to be represented in the new government regardless of their religion or sect.

He noted that the fight against corruption and reforms will not succeed if Lebanon does not get rid of sectarianism.

Lebanon is going through dire economic and financial circumstances with an alarmingly elevated public debt and the inability of the ruling class to take quick decisions for implementing needed reforms to stop further deterioration of the economy.

This has prompted over 2 million Lebanese to take to the streets for over two weeks in a bid to demonstrate against the current ruling class while asking for a new system that would recuperate squandered public funds and implement necessary changes to save the economy