Lebanon premier says cash-strapped government can only afford six-months subsidies, blaming Hezbollah – HEDGE accordingly

Lebanon’s premier has said his government can only afford six months of subsidies for basic goods, such as wheat and fuel, blaming Islamist movement Hezbollah for the impasse. Caretaker Prime Minister Hassan Diab told Reuters that he was only made aware of Lebanon’s inability to continue subsidies into the long-term after Central Bank Governor Salameh’s revealed last week that the country had just $2 billion in reserves. Diab said this means that even with rationing, Lebanon can only afford six more months of subsidies. “I had asked him [Salameh] several times. Nothing official was received,” …

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