Political Crisis in Lebanon: European Union foreign policy chief Josep Borrell on Saturday criticized Lebanese leaders for delaying the formation of a new cabinet and warned that the union could impose sanctions on those who live in the crisis-hit country. Are behind the political deadlock (Current Political Situation in Lebanon). Borrell said this after meeting with President Michel Aoun at the Rashtrapati Bhavan near the capital Beirut. This was the first meeting during his two-day visit to Lebanon.
Borrell's remarks come amid reports in the Lebanese media that France and the European Union are considering a possible travel ban on some leaders and a freeze on their assets (What is the Political Situation in Lebanon Today). Borrell said Lebanese leaders should quickly form a new government, implement reforms and reach an agreement with the International Monetary Fund to lift the small country out of its economic and financial crisis.
The economic crisis started in 2019
The economic crisis in Lebanon triggered by decades of corruption and mismanagement began in late 2019 and has intensified in recent months. The World Bank said earlier this month that the crisis could be one of the world's worst in more than 150 years (Lebanon Economic and Political Crisis). A power struggle has begun between the nominated Prime Minister Saad Hariri and Aun and his son-in-law Gebran Basil on the other. Hariri was nominated to form a new government in October and has not succeeded so far.
Hassan Diab's government resigned
Prime Minister Hassan Diab's government resigned days after a massive explosion in Beirut on August 4 killed 211 people and injured more than 6,000 others (What is The Political Situation in Lebanon). "We don't understand why there is no government in Lebanon even nine months after the prime minister's resignation," Borrell said. Only an immediate agreement with the International Monetary Fund will save the country from financial collapse.