Lebanese ‘Financial Crisis’ Prompts Minister’s Distress Call

Lebanese ‘Financial Crisis’ Prompts Minister’s Distress Call
Lebanon's Parliament Speaker Nabih Berri (R) arrives with his political aide Ali Hassan Khalil (L) to attend a roundtable meeting with other Lebanese leaders in Doha on May 17, 2008. Marwan Naamani/AFP/Getty Images
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Lebanon’s political turmoil is turning into a crisis that could ultimately threaten the Middle Eastern country’s economic foundations, according to its finance minister.

“The crisis today has started to transform into a financial crisis from an economic crisis,” Ali Hassan Khalil was cited as saying by Lebanon’s state-run National News Agency. “We hope that it doesn’t turn into a monetary crisis that will lead to the Lebanese losing trust in their country’s future and their institutions.”