Economic sources are sounding the alarm bell, as there is a great danger looming on the horizon of Lebanon, which suffers from a severe bleeding in its cash reserves, ranging at least between 30 to 35 million dollars per day, and this money is certainly the money of depositors, and if this bleeding continues without the authorities taking the initiative The official in the state, whether at the presidential, governmental or parliamentary level, has to formulate quick and immediate remedies to stop this bleeding. It will not be too late for Lebanon to reach real bankruptcy.
Today, Lebanese President Michel Aoun began binding parliamentary consultations with members of Parliament to name the person who will be tasked with forming the new government.
Economically, what about after the consultations? The size of the impasse, less than five months before the end of President Michel Aoun’s term, is preparing the country for great troubles, which in turn will be unprecedented in their comprehensive nature.
To shed light on this topic, the economist Nassib Ghobril joined us by phone.