Econostrum | Economic News in the Mediterranean

Saad Hariri wants to become Prime Minister in Lebanon again

Written by Frédéric Dubessy on Friday, October 9th 2020 à 15:00 | Read 363 times

Saad Hariri intends to follow the French initiative (photo: Lebanese Government)
Saad Hariri intends to follow the French initiative (photo: Lebanese Government)
LEBANON. Saad Hariri applied on Thursday 8 October 2020 to form the next government in Lebanon. The former Prime Minister says he is ready to become Prime Minister again while his country finds itself in a political, social and economic deadlock. Of Lebanese, Saudi and French nationality, he said during an interview on Lebanese television MTV, he did not want to "close the door to the only hope that remains for Lebanon to recover" and therefore be "a clear candidate.

After his failure to assemble a team of technocrats, former Prime Minister Mustapha Adib had to resign from the post in September 2020. It is still vacant. His predecessor Hassan Diab had paid the price for the explosions in the Port of Beirut (200 dead and thousands injured) on 15 August 2020.
It is now up to Michel Aoun, the Lebanese President, to lead negotiations with the various parties in Parliament to agree on a new name before designating the one who will be in charge of forming the new government.

Appointed President of the Lebanese Council of Ministers on 18 December 2016 (he had already held this position from November 2009 to June 2011), and reappointed in January 2019, Saad Hariri was forced to resign at the end of October 2019. The multiplication of demonstrations demanding since February 2019, the total renewal of the political class, because it deemed incompetent and corrupt, had sealed his fate. Since then, the country has not stopped sinking further into crisis, with the multi-religious system creating enormous blockages while Lebanon has been in default since March 2020. At the time, it accumulated a debt of $92 billion or 166% of its GDP, making it the third most indebted country in the world after Japan and Greece.

Saad Hariri is confident about his future success after the two visits of Emmanuel Macron who spoke with the whole political class. And in spite of the violent criticism of the French president speaking of "collective treason" after the failure to form a government. "Everyone can create problems when forming a government. But if the parties really want to stop the collapse and rebuild Beirut, they must follow the French initiative," the candidate said.

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