Diab: We Don’t Want to Bring Banks to Their Knees, Depositors Won’t Pay Price

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Newly-assigned Lebanese Prime Minister, Hassan Diab, speaks to journalists after his meeting with Lebanese President Michel Aoun at the presidential palace, in Baabda, east of Beirut, Lebanon, Thursday, Dec. 19, 2019. Aoun named Diab as prime minister after a day of consultations with lawmakers in which he gained a simple majority of the 128-member parliament. Sixty-nine lawmakers, including the parliamentary bloc of the Shiite Hezbollah and Amal movements as well as lawmakers affiliated with President Michel Aoun gave him their votes. (AP Photo/Hussein Malla)

Prime Minister Hassan Diab on Tuesday said the government’s objective is not to “bring the banking sector or the central bank to their knees.”

He also stressed that depositors “will not pay the price.”

“We’re committed to the financial plan and to the losses figures included in it and this has become behind us. We are now discussing how to distribute the losses in communication with the central bank governor, the banking sector and the finance minister,” Diab added during a Cabinet session.

He also emphasized that Lebanon’s national sovereignty is “sacred.”

“We’ll preserve it through all legitimate means and we won’t give up any grain of sand or drop of water,” Diab added, in connection with reports that Israel has decided to start oil and gas exploration in a maritime area claimed by Lebanon.

Source Naharnet

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