Lebanon resembles a sinking ship, parliament speaker says: paper

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BEIRUT - Lebanon is like a sinking ship that will go under unless action is taken, Parliament Speaker Nabih Berri was quoted as saying on Monday, referring to the country’s deep economic and political crisis.

– Lebanon is like a sinking ship that will go under unless action is taken, Parliament Speaker Nabih Berri was quoted as saying on Monday, referring to the country’s deep economic and political crisis.

Newspaper al-Joumhuria cited Berri, an ally of the Shi’ite group Hezbollah, as telling visitors that efforts to form a new government were “completely frozen” and awaiting developments at any moment. On Sunday, banks, which have mostly been closed since the protests began, announced temporary measures including a weekly cap of $1,000 on cash withdrawals and restricting transfers abroad to cover urgent personal spending only.

 

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