Saad al-Hariri resigned as Lebanon's prime minister on Tuesday, declaring h...
BEIRUT - Saad al-Hariri resigned as Lebanon’s prime minister on Tuesday, declaring he had hit a “dead end” in trying to resolve a crisis unleashed by huge protests against the ruling elite and plunging the country deeper into turmoil.
It also defies Hezbollah, which had wanted him to stay on. Hariri is seen as the focal point for Western and Gulf Arab aid to Lebanon, which is in dire need of financial support promised by these allies. “For 13 days the Lebanese people have waited for a decision for a political solution that stops the deterioration . And I have tried, during this period, to find a way out, through which to listen to the voice of the people,” Hariri said.
The turmoil has worsened Lebanon’s acute economic crisis, with financial strains leading to a scarcity of hard currency and a weakening of the pegged Lebanese pound. Lebanese government bonds tumbled on the turmoil.On the streets of Beirut, black-clad men wielding sticks and pipes attacked the protest camp that has been the focal point of countrywide rallies against the elite.
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