Source: Kataeb.org
Security & Justice
State Action Signals Change in Tackling Longstanding Illegal Land Grabs in Jbeil District
For years, the serene villages of Jbeil's highlands have been far from peaceful. Ghabat, a Maronite village nestled between the predominantly Shiite towns of Afqa and Lassa, has become a focal point of growing tensions due to territorial disputes.
Friday, December 20, 2024
Mawlawi Ensures Strict Monitoring for Wanted Syrian Regime Figures at Beirut Airport
Caretaker Minister of Interior, Bassam Mawlawi, conducted an inspection tour of Rafic Hariri International Airport in Beirut to review the security arrangements and measures implemented by the Airport Security Apparatus ahead of the holiday season.
Thursday, December 19, 2024
Opinion
Lebanon After the Assads
The United States has important equities in Lebanon, including a desire for a generally friendly government’s economic and political stability; security cooperation; long-standing relations with the large Christian community in Lebanon and Lebanese diaspora in the United States; and ultimately peace between Israel and Lebanon within a broader regional settlement. Achieving these objectives will require navigating a tumultuous period in the country’s history following a war between Hezbollah and Israel that has devastated a large part of the country, exacerbating Lebanon’s already challenging economic conditions. But perhaps the most important dynamic will be how a likely Sunni-dominated state of uncertain composition in Syria will differ in its intentions toward Lebanon from the previous Alawite-led minoritarian Assad regime.
Thursday, December 19, 2024
Europe’s Syrian Dilemma
The news of the sudden and unexpected demise of Bashar al-Assad’s regime in Syria has met a mixed response in Europe. The jubilation that a murderous dictator and close ally of Russia and Iran has fallen is not just good for the Syrian people but serves as a morale booster for Eastern Europeans wondering whether Russia can be defeated
Wednesday, December 18, 2024
Sports
Cristiano Ronaldo Unveils New Private Jet Worth $73 Million
Cristiano Ronaldo, one of the richest global athletes, has unveiled his upgraded private jet reportedly worth $73 million. With its top-notch design, exceptional speed and range of 7500 nautical miles, the Gulfstream G650 is among the fastest jets in the world.
Monday, December 16, 2024
Guardiola Accepts Man City May Need to Sign More Players to Cope with Schedule
Manchester City manager Pep Guardiola believes he will need a bigger squad to handle soccer’s ever-expanding fixture schedule.
Saturday, December 14, 2024
Monday 4 April 2022 17:01:19
Tawile Deems Statement of Deputy PM as a First Official Confession of Bankruptcy
Head of the Kataeb’s Economic and Social Council Jean Tawile on Monday deemed the statement of Deputy Prime Minister Saadeh al-Shami in which he declared that “the state and the Banque du Liban are bankrupt" as biggest proof that the authority is living in a state of denial.
“The confession of the Deputy Prime Minister will not change anything, as denial still exists. For more than two years, we have been witnessing what is happening concerning banks and depositors, because there was no recognition of the bankruptcy of the Banque du Liban and that it incurred heavy losses as a result of unsustainable policies due to the adoption of monetary policies that do not have results despite all warnings,” Tawile said in an interview with MTV.
“In 2015, The Monetary Fund warned the Central Bank against the followed policy that would lead the country towards bankruptcy, but they did not want to recognize this thing and hid it from the Lebanese people and today we are paying the price,” he added.
“The banks cannot recover depositor’s money as the banks and the central bank are bankrupt,” he stressed.
“Today and for the first time, we are witnessing an official recognition that depositors will not be able to recover their money,” he added.
“If there is someone who thinks that he will get all his deposits, then he is mistaken because the losses are huge and the authority is the one behind this situation due to the financial and monetary policies,” he pointed out.
“The IMF and the Lebanese government have agreed on an amount of $73 billion of losses, and the GDP is between 15 and 18 billion, meaning that the losses are equal to 5 times of the GDP, so how can deposits be recovered? " He said.
"The size of the economy is equivalent to 5 times less from the size of all the losses,” he added.
“Whether the depositors will lose about 70% of their money, I consider that the state has assets that are not well managed, and if the state has an integrated plan and will to carry out the required reforms, it is necessary to reconsider the management of state institutions so the losses could be mitigated,” he concluded.
