Aoun: No Fear of Bankruptcy in Presence of Lebanon Oil Wealth


President Michel Aoun on Thursday slammed “those who voice stances that weaken confidence in the Lebanese economy and the national currency,” reassuring that Lebanon cannot go bankrupt in the presence of its “oil wealth.”

“No one will manage to halt the campaign of reform and combating corruption that I started upon assuming the presidency and this reform path will continue with the efforts of all those who believe in Lebanon, no matter how much those annoyed by it try to obstruct it... whether they are politicians or anyone else,” Aoun said.

Wondering about “the real objectives of those who voice stances that weaken confidence in the Lebanese economy and the national currency,” Aoun said “Lebanon has an oil wealth that will be extracted and there is no fear of bankruptcy in its presence/”

He added: “We are working on reviving the economy, but this cannot happen overnight. It rather requires further patience and as much resilience as possible from all sectors because we have inherited a heavy burden.”

Comments 12
Thumb Puppet 12 July 2018, 16:46

I have the utmost respect and deepest admiration for general aoun who is now president and imam for slamming "those who voice stances that weaken confidence in the economy," and for reassuring that "Lebanon has an oil wealth and there is no fear of bankruptcy."

Thumb ___flamethrower___ 12 July 2018, 16:51

Never has Lebanon known or seen a President who is so knowledgeable on bankruptcy like this one, ever!

Thumb s.o.s 12 July 2018, 17:09

Because he’s already morally bankrupt... hence the experience!

Missing rami 12 July 2018, 16:53

Aoun: No Fear of Bankruptcy (for me)in Presence of Lebanon Oil Wealth.

Thumb s.o.s 12 July 2018, 17:08

The crook forgets about Bahrain’s oil wealth. He doesn’t learn!

Missing un520 12 July 2018, 19:11

So, Venezuela are also safe then, with all that oil....but lets not forget that oil underground does not pay the bill...

Thumb s.o.s 12 July 2018, 21:41

Or Iran.... so much oil, a broke.... its currency in free fall. Why? Because of the same bearded extremists Lebanon has. They’re the problem, the nawarr.

Thumb whyaskwhy 12 July 2018, 21:46

no fear there is still money left for his family to steal...

Thumb lebanonforever 13 July 2018, 02:11

Classic case where they count the chickens before the eggs hatch.

Anyway, not afraid of where the wealth comes from, it's people fearing the theft the MujnAoun project and his greedy family have

Thumb 13 July 2018, 03:38

you must read « La Laitière et le Pot au Lait » de Jean de la Fontaine

Thumb whyaskwhy 13 July 2018, 23:36

lol whose to say the quisling and his family have not spent it yet?

Thumb ex-fpm 13 July 2018, 08:49

No matter how much or how big Lebanon's oil wealth is, the corrupt political class will ensure Lebanon's economic demise.