Mustaqbal Delegation Tackles Latest Developments with Hariri in Saudi Arabia
إقرأ هذا الخبر بالعربية
A meeting held on Sunday between former Prime Minister Saad Hariri and a delegation from al-Mustaqbal movement addressed the on going crises in Lebanon, local newspapers reported on Monday.
According to al-Joumhouria newspaper, discussions with the delegation, which is comprised of ex-PM Fouad Saniora and MPs Ahmed Fatfat and Nohad al-Mashnouq, focused on the formation of the cabinet and the resumption of the national dialogue.
The newspaper reported that Hariri will contact Phalange Party leader Amin Gemayel and Lebanese Forces leader Samir Geagea to coordinate their stances ahead of a meeting for the March 14 leaders this week.
The meeting is expected to tackle the ongoing developments locally.
Sources close to al-Mustaqbal undermined the importance of the visit, saying: “It's not the first time that a delegation from al-Mustaqbal heads to Saudi Arabia to meet with Hariri and discuss the latest developments.
However, ministerial sources considered the the visit “extraordinary.”
Al-Joumhouria reported that a previous meeting was held in Saudi Arabia with a delegation that included al-Mustaqbal secretary-general Ahmed al-Hariri, Nader al-Hariri and several lawmakers and advisers.
22 July 2013, 11:04
72
It is becoming obvious that Hariri wants Lebanon in crisis and thus economic crisis. This will create the need for the IMF to come in and demand austerity which will force Lebanon to sell off its assets for pennies on the dollar to Hariri and his monied KSA backers ...
22 July 2013, 11:51
61
Tony my friend ...
The value of Lebanon's gold reserves was equivalent to $15.1bn - See more at: http://www.iloubnan.info/business/76284/Lebanon-has-19th-highest-level-of-gold-reserves-globally-7th-highest-among-non-OECD-countries#sthash.Sj5oyPcP.dpuf
The value of Lebanon's oil and gas reserves are in the hundreds of billions of which Lebanon will only get a fraction of over the many years it takes to extract them ...
Currently Lebanon is headed for an economic crash where these assets will be encumbered and its ability to pay its debt, much of it denominated in foreign currency, will be crippled.
Currently the national debt is over $60 billion and climbing ... Just the interest on this amount is in the billions every year. When they decide to strike Lebanon's credit rating will be slashed making this debt many times more expensive.
22 July 2013, 13:33
31
@ tigertony54
Some 40% of Lebanese debt is held in currency other than the Lebanese Lira. Some 20% is held by foreign entities. Both are trouble ... Even the 60% of the debt held by domestic banks is trouble if there is default.
One must ask oneself just exactly who owns these Lebanese Banks? Lebanese or foreigners? Once the economy tanks these banks will need massive infusions of capital, both Lira and Dollars ...
http://www.executive-magazine.com/lebanon-debt-guide/
