Bassil Urges Fast Govt. Formation, Says Using BDL Reserve Inevitable

W460

Free Patriotic Movement leader Jebran Bassil on Wednesday said the Strong Lebanon bloc supports “the quick formation of a government led by PM-designate Saad Hariri.”

“We are bound by this choice according to the constitution,” Bassil said in parliament.

He added that the upcoming government’s “ultimate priority” should be the “implementation of reforms.”

As for parliament, Bassil said the legislature can “offer a partial solution” to the subsidization crisis, firstly through “rationalizing subsidization and gradually lifting it” and secondly through “approving a ration card from which all Lebanese would benefit.”

“The funding of the card can be provided by the central bank, which has the ability to lend the state according to Article 91 of the Money and Credit Law,” Bassil said.

“Everyone knows, even those launching populist stances, that using the (central bank’s) foreign currency reserve is inevitable. The difference is that the rationalization of subsidization allows slashing this sum from $6 billion a year to $3 billion, which would put an end to the waste of people’s deposits,” the FPM chief added.

SourceNaharnet
Comments 7
Thumb EagleDawn 16 June 2021, 18:42

A constitutional amendment is urgently needed to ban those under 140 cm in height from assuming public office, running for parliament, or becoming president.

Thumb i.report 16 June 2021, 20:27

He’s a malignant tumor for our country. It has to be dealt with rapidly before we all die.

Default-user-icon Liberty (Guest) 16 June 2021, 19:54

Is this guy sane. He has transferred his money he stole from taxpayers' monies and now wants to use the depositor's monies as if it's his stinky family's ownership. He and his stinky FIL Aoun should disappear from the face of this earth. Not only is he stupid, he is also dangerous. The sooner this midget vanishes, the better off Lebanon would be. As for his FIL Aoun we pray to God to intervene and bring his end on earth within days by sending him to the devil where he belongs. Enough with these nut-heads.

Thumb gebran_sons 16 June 2021, 20:34

This two-head locust, Aoun and Bassil, after destroying every institutions in Lebanon, bankrupting the Country, selling our freedom and sovereignty to the criminal Iranian regime, damaging beyond repair our education and banking system, fatally inflicting our care system, destroying Lebanon and the Christian community reputation that took generations to build, bringing misery and despair, are now destroying all bridges with Sunni, Chiite and Druze communities playing Hizbollah playbook to end munassefa and plunge Lebanon into total Hizb occupation. Aoun and Bassil are the biggest curse on the Christian community and the most destructive and divisive traitors in Lebanon history. We'll make sure they'll rot in prison.

Missing hammerhead1 16 June 2021, 23:29

If the FM had any decency they would see the destruction this lunatic is inflicting on their party, the Christians and Lebanon as a whole.

Default-user-icon Sashaanddigweed (Guest) 17 June 2021, 13:28

All this guy knows how to do is waste OUR money (reserves) for HIS OWN PERSONAL GAIN.

He did it for the last 10 years (2011-onwards) and he's doing it again. The same guy who wasted our money for the last 10 years now wants to waste it again on subsidies for his cronies in Syria and Iran

Tfeh 3aleik!

Default-user-icon Eli (Guest) 22 June 2021, 06:57

An evil corrupt and greedy SOB. Would not touch him with a 19 meter pole