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Lebanon Entering ‘Financial Crisis’ Prompts Minister's Dire Call

Residential and commercial buildings stand along the waterfront in Beirut.

Residential and commercial buildings stand along the waterfront in Beirut.

Photographer: Sima Diab/Bloomberg

Updated on

Lebanon’s political turmoil is turning into a crisis that could ultimately threaten the Middle Eastern country’s economic foundations, according to its finance minister.

“The crisis today has started to transform into a financial crisis from an economic crisis,” Ali Hassan Khalil was cited as saying by Lebanon’s state-run National News Agency. “We hope that it doesn’t turn into a monetary crisis that will lead to the Lebanese losing trust in their country’s future and their institutions.”