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Lebanon 2019 budget deficit 'much bigger' than expected

A sharp fall-off in revenues means Lebanon’s 2019 budget deficit will be much bigger than expected, caretaker finance minister Ali Hassan Khalil said on Wednesday, as the country struggles with its worst financial crisis since the 1975-90 civil war. Speaking to reporters, Khalil did not...

France to press Lebanon to form govt quickly

French Foreign Minister Jean-Yves Le Drian Tuesday urged the Lebanese to form a new government swiftly or risk a financial crisis worsening and threatening the country's stability. "(They should) form a government quickly because any delay will continue to worsen the situation," Le Drian...

Lebanon impasse deepens as financial strains grow

Lebanon’s political impasse has deepened after a tentative deal on a new prime minister unraveled, leaving the country rudderless as it grapples with the worst economic crisis since the 1975-90 civil war. Six weeks since Saad al-Hariri resigned as prime minister, prompted by protests...