Deputy Head of Kataeb Party Selim Sayegh deemed the parliamentary joint committee’s session held today as not legislative.

“It was a preparatory one which paves the way to pass the laws that were agreed upon in a legislative session after the election of a new President of the Republic,” Sayegh stated during a press conference from the House of Representatives.

He stressed on Kataeb Party’s commitment to the principle that parliament shall not legislate until after the election of a president of the republic.

“The good political ruling in Lebanon requires the presence of three authorities, and therefore we are against any project or idea that leads to such legislation becoming a possibility. We clearly and firmly stand against this direction,” he added.

Sayegh pointed out that Lebanese and international community was waiting for presidential elections, while MPs were distracted by other matters for weeks to divert attention which was the formation of a government.

“We should hold a presidential elections session on Thursday. This is our duty and responsibility. We ask our fellow parliamentarians and the Speaker of Parliament to bear it as well,” he emphasized.

In response to a question, Sayegh indicated that people’s concern was not limited to recovering part of their deposits, but rather knowing the fate of these deposits. 

“The solution to this issue is political, and when a president is elected with parliamentary and popular support, all issues will become sideways because people will be sure that their deposits will be saved,” he continued.

Sayegh explained that the Lebanese State was rich but looted, and when Lebanon's friends would know that the country was back on track, they would establish a real partnership with it on all levels.

“We are certain that these words are being circulated by the highest officials in the major capitals. The process of restoring confidence in Lebanon is a process of weeks, and all of this affects the economy and depositors' money,” he concluded.