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IPFS News Link • Lebanon

Lebanese prime minister quits amid anti-government protests

• https://apnews.com By ANDREA ROSA and BILAL HUSSEI

The demonstrators later returned to the camp in time to hear the news that Prime Minister Saad Hariri said he was stepping down after hitting a "dead end" in trying to resolve the crisis, which has paralyzed the country for nearly two weeks. The protesters erupted in cheers at the news.

The resignation plunges Lebanon deeper into turmoil and uncertainty as it grapples with a severe economic and financial crisis that has led to a scarcity of hard currency and the local currency losing value for the first time in more than two decades. Lebanon is facing a deep-running fiscal crisis as it staggers under one of the highest debt ratios in the world — $86 billion, or more than 150% of the country's gross domestic product.


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