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BREAKING NEWS

BREAKING NEWS

Lebanon can't waste more time on government formation - president

Lebanon can't waste more time on government formation - president
FILE PHOTO: Lebanese President Michel Aoun addresses the European Parliament in Strasbourg, France, September 11, 2018. REUTERS/Vincent Kessler/File Photo -
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Vincent Kessler(Reuters)
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BEIRUT (Reuters) - Lebanese President Michel Aoun said on Wednesday the country no longer had the luxury of wasting time as a six-month government formation crisis drags on and economic pressures mount.

More than six months since parliamentary elections, Prime Minister-designate Saad al-Hariri has hit a wall in his effort to form a national unity government as political factions jostle for positions in the new cabinet.

A new government must be in place before Lebanon embarks on major fiscal reform, which the International Monetary Fund said in June is urgently needed to put the country's debt on a sustainable footing.

"Lebanon today is experiencing a government formation crisis ... Lebanon no longer has the luxury of wasting time," Aoun said in a televised speech on the eve of the country's 75th independence day since the French mandate ended in 1943.

Stressing that tackling the economy is a priority, Aoun called on all officials and parties in Lebanon to set aside personal interests and work responsibly for the Lebanese people.

(Reporting by Lisa Barrington; Editing by Alison Williams/Mark Heinrich)

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