FinPol Digest

 France is exerting pressure on Lebanese officials to form a new government as the Arab nation faces increasing political and economic crises. On Monday, French foreign minister Jean-Yves Le Drian held telephonic conversations with Lebanese President Michel Aoun, acting Prime Minister Saad Hariri, and parliament speaker Nabih Berri, urging them to immediately halt the “deliberate obstruction” in the formation of the government. He called out the officials for seven months of political deadlock that has resulted in an unprecedented economic crisis in the country.  “The deliberate obstruction of any prospect of an exit from the crisis by demands that are unreasonable and out-of-date must immediately halt. The time has come to strengthen pressure to end the blockage," Jean-Yves Le Drian said as per a statement issued by the French Foreign Minister's Office.  France has also warned Lebanese officials that the European Union is exploring ways to "strengthen the pressure on tho...

The political dilemma in Lebanon sprang with the resignation of PM Saad Hariri on October 29, 2019, because of the anti-government protests. The nation is still confronting a crisis after the formation of a new government.  Samir Geagea, the Lebanese Forces chief also censured the unfit ruling government on Saturday and indirectly pressed for President Michel Aoun's resignation. Geagea stated in the Strong Republic bloc meeting that if he were the President, he would have surely stepped down. Hariri who got nominated again as Lebanon's PM in Oct 2020, failed to shape the cabinet until now. Meanwhile, due to the ongoing socio-economical crisis, the public protest continued all through 2020 despite coronavirus lockdowns.  The Lebanese President Michel Aoun has opposed Saad Hariri's monopoly in selecting his cabinet members without discussing it with the President.  As per the Lebanese presidency official statement, Aoun never proposed any party nominee for cabinet ministers...