Gemayel: It Is Time We Put Our Country on the Right Track

  • Economics
Gemayel: It Is Time We Put Our Country on the Right Track

Kataeb leader Samy Gemayel on Tuesday deplored the flawed financial and monetary policies currently adopted in Lebanon, criticizing the decision to hike the interest rates on bank housing loans granted by the Iskan Bank.

The interest rate has been raised from 3 to 3.75% while the loan period has also been shortened to 20 instead of 30 years.

"In general, monetary and financial policies are economic strategies aimed at enhancing the conditions of living. But in Lebanon, these policies are used to destroy our economy and drive away our youths," Gemayel wrote on Twitter as he posted a video from yesterday's LBCI news bulletin showing a woman telling her problem with the new Iskan loan changes.

"It is time we put our country and economy on the right track," Gemayel stressed.

Check Gemayel's tweet: www.twitter.com/samygemayel

Source: Kataeb.org