Leading private sector figures and heads of professional associations take part in a gathering in BIEL which called for bringing an end to the political crisis on Thursday, June 25, 2015. (The Daily Star/ Hasan Shaaban)
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Lebanon's business leaders warned Thursday of dire consequences on the country's struggling economy if the yearlong presidential vacuum persists and the Cabinet remains paralyzed as a result of a widening rift over the appointment of senior military and security officers.The Economic Committees, the country's private sector, teamed up with labor unions to sound the alarm bell about the grave socio-economic consequences posed by the deepening political crisis as manifested in the repeated failure since last year to elect a president and the continued paralysis in the executive and legislative branches of power. Speakers at a conference called by the Economic Committees pleaded with the rival political leaders to brush aside their differences and safeguard Lebanon by quickly electing a president in order to help revive the functioning of state institutions. Choucair appealed to rival political leaders to quickly elect a president and safeguard the country and its people.The conference came a day after Parliament failed to elect a president for the 25th time, prompting Speaker Nabih Berri to schedule a new session for July 15 . The presidential interregnum has crippled Parliament's legislation.
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