Source: Kataeb.org
Security & Justice
Captured Hezbollah Operative May Have Been Israeli Double Agent, Report Suggests
The alleged senior Hezbollah operative abducted by Israeli special forces last week in Batroun may have been operating as a double agent, according to a report by The Telegraph.
Monday, November 4, 2024
Lebanon’s Probe into Israeli Raid Expected to Take Days as Security Officials Weigh Theories
Lebanese authorities are ramping up investigations into an Israeli commando raid last week in the northern coastal city of Batroun, during which Imad Amhaz, a Hezbollah official, was snatched.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 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.
