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Lebanon Protests: Aoun Says Government Must Lift Banking Secrecy from Current, Future Ministers

Lebanon Protests: Aoun Says Government Must Lift Banking Secrecy from Current, Future Ministers
folder_openLebanon access_time 22 days ago
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By Staff, Agencies

Lebanese President Michel Aoun expressed solidarity with nationwide protesters that has been taking place since four days, saying their recent agitation showed "people's pain".

"What is happening in the streets expresses people's pain, but generalizing corruption [charges] against everyone carries big injustice," Aoun's office quoted him as saying during a cabinet session on Monday.

Aoun also said the government must at least begin by lifting banking secrecy from current and future ministers, the office of the Lebanese president added in a tweet.

Lebanon has been rocked by nationwide popular protests over the past four days against rising inflation and living costs as the government struggles to attract investment amid increasing economic hardships and a decreasing capital flow to the country.

The protesters blame the faltering economy on widespread corruption and abuse of privileges among politicians.

In response to the protests, Prime Minister Saad Hariri reportedly gave the nod on a package of reforms in an attempt to tackle an economic crisis. The package urges a 50-percent reduction in the salaries of current and former officials.

The reforms are expected to be approved during the cabinet meeting on Monday.

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