SAWT BEIRUT INTERNATIONAL

| 30 May 2024, Thursday |

“Sawt Beirut International” news bulletin for Thursday, September 30, 2021

In today’s news bulletin:

  • Are the government decisions enough to face crises?
  • Will the appointment file collide with the quota?
  • Have promises to protect small depositors evaporate?

Less than three weeks after the formation of the Mikati government, the dollar is rising again, and today it ranged between 17,500 and 17,600 pounds per dollar. The return of the dollar rising means that the grace period for the new government has ended. Noting that it is the shortest grace period that can be given to a government! But the situation of this government is exceptional in all respects, especially in terms of age, as it is not destined to live more than nine months, when the parliamentary elections are held.

The question is: What is the reason for the dollar’s return to rise at such a rapid pace? Were the hopes, that were built on Mikati’s government, mere illusions? It is clear that the nascent government cannot achieve the desired rescue. It came at a French-Iranian intersection and at a moment when the Americans were preoccupied with the repercussions of the sudden and ill-considered withdrawal from Afghanistan. Therefore, the bet of some that the government will enjoy American support and a Gulf embrace has fallen. The United States does not consider the current government capable of achieving the required achievements as long as it is at the mercy of Hezbollah.

As for the Gulf states, they will not provide any support to them, because they know perfectly well that Mikati’s government is the creation of the Aounist alliance. Therefore, this government is at best a government to prevent major collisions, meaning that it can prevent Lebanon’s complete collapse, but it will not be able to get Lebanon out of its many predicaments.

In addition to the regional-international factor, the new ministers have not yet proven their eligibility to carry out their duties, and they have not presented a different experience. The proof is what happened yesterday after the cabinet session. The Minister of Information, for example, did not respond well to a question related to the position of the Council of Ministers on Wafiq Safa’s visit to the Palace of Justice. He reiterated that Mikati’s government is not a government that confronts reality, but rather a government of escaping reality. Will rescue be achieved with escape, evasion and smuggling?

    Source:
  • Sawt Beirut International