Lebanon News

Political stalemate could affect economy: Chammas

The head of Beirut Traders Association, Nicolas Chammas. (Archive, The Daily Star)

BEIRUT: Head of the Beirut Traders Association Nicolas Chammas warned Thursday that the political stalemate in the country could affect the economy.

“We are warning that the political obstruction could result in obstructing the economy,” Chammas said, speaking from the Grand Serail after meeting with Prime Minister Tammam Salam.

The prominent economist said he was optimist that Salam could handle any crisis, adding that Cabinet’s Friday session was the standard that would decide the next stage for the country.

“Prime Minister Tammam Salam is optimistic, and he has the positivity to deal with all crises and tomorrow’s session is the touchstone,” he said.

The Cabinet is set to meet Friday in its first session since Lebanon plunged into a presidential void with the end of former President Michel Sleiman's term on May 25.

The presidential void has already affected legislative activity, with Christian lawmakers and other MPs boycotting Parliament and arguing it cannot legislate in light of void.

Political sources told The Daily Star that ministers were likely to attend Friday's Cabinet session. However, they added that Christian ministers had been hinting that the government should not meet excessively as not to adapt to the state of presidential void.

Lacking a president, the Constitution tasks the Cabinet with exercising the presidency's authority.





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