Report: Central Bank Governor Meets Salam to Highlight Financial Dangers Facing Lebanon
Lebanon is under threat of being classified as a failed state due to the paralysis of its state institutions and ongoing presidential vacuum, reported the daily An Nahar on Thursday.
A prominent source told the daily that Lebanon has to reach a radical solution to the trash disposal crisis and parliament has to approve a number of draft-laws in order to avoid such a fate.
To that end, Central Bank Governor Riad Salameh held talks with Prime Minister Tammam Salam.
The daily said that he is also set to hold similar discussions with Speaker Nabih Berri.
Discussions will focus on the draft-laws on the upcoming legislative session's agenda, most notably those on money transfers from abroad and combating money-laundering.
Media reports in recent weeks have highlighted the threat of Lebanon losing its international grants and loans due to the paralysis of the cabinet, which is linked to political bickering.
The legislative session is scheduled for November 12 and 13.
M.T.
D.A.
05 November 2015, 07:50
52
A country that has no control over its borders, allows a sectarian militia to wage wars in several countries, biased and sectarian security agencies, a corrupt justice system, no infrastructure, is not only a failed state but is a banana republic.
05 November 2015, 16:37
02
This law will be the end of the banking economic system in Lebanon and the flow of money from abroad as 90% of all money transfers from abroad which around 7 billion a year are deemed to be " unclean " money by US and European standrads.
the law shouldnot pass in the parlaiment
