Lebanon PM, president trade blame as wrangling delays government formation

Lebanon’s prime minister-designate Saad Hariri and President Michel Aoun failed Monday to agree on a new government line-up after months of deadlock, as the country sinks deeper into economic crisis. A steep depreciation of the Lebanese pound along with an explosion of poverty and unemployment have eroded purchasing power and fuelled anger among the population, reigniting protests against the entrenched ruling class. Despite public outrage and international pressure to form a government so as to enact reforms needed to unlock aid pledges, wrangling over cabinet posts persists seven months afte…

Read More

HEDGE accordingly