Prime Minister Saad Hariri resigned his government Oct. 29 in response to the unprecedented nationwide protests since the middle of last month. The protests have snowballed into calls for the government to resign and for the entire political elite that has governed Lebanon since the end of its 1975-90 civil war to step aside.
Protesters are demanding a government made up of technocrats that would get immediately to work on the necessary reforms to address the worst economic and financial crisis Lebanon is passing through in decades. Politicians are divided among other things over whether the new Cabinet should be made up of experts only or include politicians.Asked if Hariri would form the new government, Aoun said, “I cannot say before the consultations end.
The president also warned that a negative attitude of protesters “will lead to counter negative attitude and this could lead to confrontation.” Aoun was apparently referring to government supporters who have also demonstrated in support of the president over the past weeks. “If you are going to continue this way you will be striking at Lebanon, striking at your interests and we will all lose,” Aoun said.He urged people not to rush to banks to withdraw money, saying their deposits will be “guaranteed.” He said Lebanon will be eventually able to come out of the crisis, though he didn’t elaborate.
Lebanon’s banking association said banks would stay closed due to a strike by employees as the country’s financial crisis worsens. Banks were supposed to have reopened Tuesday following a three-day closure, but employees went on strike, complaining of aggressive behaviour by customers.Depositors have rushed to withdraw money in recent days amid the rapidly deteriorating economic and financial crisis.
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