Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 23/11/2019 03:30 
21.10.2019 17:50 News >> Lebanon: Cabinet Passes Economic Reforms Amid Protests

Lebanon: Cabinet Passes Economic Reforms Amid Protests

Lebanon suffers from high unemployment, little growth and one of highest debts ratios in the world.

BEIRUT (AA) Lebanon's Prime Minister Saad Hariri announced on Monday the cabinet's approval on a package of economic reforms in an attempt to appease growing anger against the current government.Hariri's announcement comes after the end of a 72-hour period in which he demanded to agree on reforms and to overcome the current crisis."We will reduce the salaries of ministers and MPs by 50%," Hariri said, where it is one of the main demands of the Lebanese people."The decision of ending the protests is up to you and I won't allow anyone to intimidate you," Hariri directing his speech to the protesters.Later on Monday, the Lebanese presidency approved the Hariri's initiative to tackle the ongoing crisis. While talks will continue on the banks' contribution to the electricity sector which is one of the Lebanon's main problems.Anti-government protests, fueled by deteriorating economic conditions and anger over government's corruption and failures, have broke out across the country since Thursday.Lebanon suffers from high unemployment, little growth and one of the highest debts ratios in the world, with a debt burden reaching $86.2 billion in the first quarter of 2019, according to a statement by the Lebanese Ministry of Finance in May 2019.*Ahmed Asmar contributed to this report from Ankara -



        Latest News
Fenerbahce Gets First Road Win In Euroleague Season -24 minutes ago...
Yellow Canaries beats up on Asvel Villeurbanne.
US' Pompeo, UAE FM Discuss Russian Presence In Libya 6 minutes ago...
Diplomats 'discussed the need to counter the Iranian regime’s destabilizing behavior,' says State Dept.
Migrant Smuggling Network Busted By Police In Poland 21 minutes ago...
Polish border guard holds 17 suspects accused of migrant smuggling, facilitation of irregular migration, says Europol.
Basaksehir Beat Galatasaray 1-0 At Turk Telekom Stadium -24 minutes ago...
The Orange Navies ride 10 match unbeaten streak, ending Galatasaray's 41 match home unbeaten streak in Turkish Super Lig.
Bolton Claims White House Froze His Twitter Account 21 minutes ago...
Trump's former national security advisor suggests action may have been taken because 'of fear of what I may say?'

 
      Top News
Turkey's Borsa Istanbul Down At Close Turkey's Borsa Istanbul Down At Close
34 Turkish Universities Enter World University Rankings 34 Turkish Universities Enter World University Rankings
Turkish, Kyrgyz Firms Should Boost Bilateral Relations Turkish, Kyrgyz Firms Should Boost Bilateral Relations
'Need Security Pact To Avoid Kashmir-Like Situation' 'Need Security Pact To Avoid Kashmir-Like Situation'
Trump: I Will Release Financial Statement Before 2020 Trump: I Will Release Financial Statement Before 2020
Turkish Parliament Ratifies New Taxes Turkish Parliament Ratifies New Taxes
Pakistan Gets New Joint Chiefs Of Staff Committee Head Pakistan Gets New Joint Chiefs Of Staff Committee Head
Mediterranean Forum Discusses Ethics, Values In Banking Mediterranean Forum Discusses Ethics, Values In Banking
7 YPG/PKK Terrorists 'Neutralized' In N.Syria: Turkey 7 YPG/PKK Terrorists 'Neutralized' In N.Syria: Turkey
Basketball: Fenerbahce Beko Torn Apart In Spain Basketball: Fenerbahce Beko Torn Apart In Spain