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REPORT: Economic bodies decry Lebanon’s economic situation in BIEL conference

News Bulletin Reports

25-06-2015 | 08:27

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REPORT: Economic bodies decry Lebanon’s economic situation in BIEL conference

Economic committees gathering the country’s most prominent bankers and businessmen convened in a conference in Biel on Thursday, to denounce the economic situation in the country.

The president of the Association of Banks in Lebanon Francois Bassil urged politicians to overcome their “narrow interests and put the interests of the country on top of their priorities,” calling for the swift activation of state institutions.

For his part, the president of Lebanon's Chamber of Commerce Mohamed Choucair said that the political deadlock in the country was “a planned suicide” and “a crime against the nation.”

Lebanon has been plunged into a political crisis since rival parties failed to elect a successor to President Michel Sleiman, whose mandate ended in May 2014.

The vacuum has also indirectly led to a paralysis in Parliament and the Cabinet.

To watch Bassam Abou Zeid's report, please click on the video above.

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