Economics
Lebanon Heads for Showdown as Reform Vows Fail to Quell Protests
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Lebanese officials were scrambling to finalize a plan to avert a financial meltdown as tens of thousands of protesters took to the streets nationwide for a fourth straight day, demanding the ouster of a political class they blame for rampant corruption and worsening living standards.
Prime Minister Saad Hariri held talks with some of his coalition partners on Sunday, two days after he gave them 72 hours to back reforms to rebuild confidence. The plan envisages contributions from banks to help lower public debt servicing without raising taxes on citizens, Finance Minister Ali Hasan Khalil said.