Geagea slams 'demonic' Hezbollah-FPM alliance, opposes funding state from BDL

Lebanese Forces leader Samir Geagea blamed Tuesday the "demonic alliance" between the Axis of Defiance and the Free Patriotic Movement for the tragic situation in Lebanon, as he criticized the government for borrowing from the Central Bank.

"Borrowing from the Central Bank is illegal," Geagea said, dubbing the successive finance ministries a "disaster".

Earlier this month, first central bank vice-governor Wassim Mansouri, who took over as BDL's acting governor, urged parliament and the government to cooperate in order to legalize spending during a transitional period before the central bank stops funding the state completely.

Mansouri said that the central bank would only lend the government on condition that a law allowing it be passed and that government pay back the loans through a realistic plan.

Geagea claimed that the state has enough resources but is misusing them.

"The new approach of Mansouri and the vice-governors is sound and I hope that there will be no more lending to the state from the BDL," he said, stressing that the Central Bank reserves are the depositors and the poor's money. "This is your money," Geagea charged.