(The Daily Star/Mahmoud Kheir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Lebanon's leading businesses and bankers warned Friday that the country could further face further economic deterioration if the president of the republic is not elected soon.Choucair warned of dire social consequences due to the absence of a president and the stalemate in government institutions.Fadi Gemayel, president of the Association of Lebanese Industrialists, highlighted the losses incurred by the Lebanese economy between 2011 and 2014, which are estimated at $13 billion.Nicolas Chammas, president of the Beirut Traders' Association, also said that the economy was deteriorating, there was an the absence of growth and a drop in the purchasing power of citizens.The BTA president expressed his surprise at Parliament's inability to elect a president for the republic.Francois Bassil, president of the Association of Banks, said that the presidential vacuum would probably lead to further economic deterioration, which would, in turn, affect the banking sector.
Hajj Hasan says Syria trip aims to boost trade
BLOM boss: Don’t overload Central Bank
Economists urge government to reduce deficit
FOLLOW THIS ARTICLE