Lebanon could sink like Titanic, parliament speaker says

FILE PHOTO: Lebanese Parliament Speaker Nabih Berri heads a legislative session, as Lebanon’s parliament approved a law that paves the way for the government to ink deals for coronavirus vaccinations, at UNESCO Palace in Beirut, Lebanon January 15, 2021. REUTERS/Mohamed Azakir

BEIRUT (Reuters) – Influential parliamentary speaker Nabih Berri said on Monday that Lebanon would sink like the Titanic if it could not form a government.

“We will all sink, with no exceptions,” MTV television quoted him as saying at the opening of a session of parliament.

Prime minister-designate Saad al-Hariri and President Michel Aoun have been at loggerheads over a new cabinet for months, dashing hopes of a reversal of Lebanon’s deepening financial meltdown.

The assembly was due to discuss a $200 million emergency fund to pay for fuel for Lebanon’s electricity company.

The energy ministry has said there are no funds to pay for imports beyond March.

The Zahrani power plant, one of Lebanon’s four main electricity producers, has shut down after its fuel ran out.

Reporting By Maha El Dahan; Editing by Kevin Liffey

source: reuters.com