Lebanon's Finance Minister Ali Hasan Khalil talks during a news conference at the Finance Ministry, Beirut, April 29, 2014. (Reuters/Sharif Karim)
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Caretaker Finance Minister Ali Hasan Khalil said Sunday that Lebanon's economic crisis "is turning into a financial crisis," and warned of further deterioration if a government isn't formed soon."The negative outlook reflects an increase in risks to the government's liquidity position and the country's financial stability, in large part as a consequence of domestic and geopolitical risks that have become more intractable," Moody's report said.In his statement Sunday, Khalil, who is affiliated with the Amal Movement, also said that Lebanon should consider inviting Syria to the Arab Economic and Social Development Summit that will be held in Beirut Jan. 19-20 .
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