Hezbollah is mediating with the Free Patriotic Movement in a bid to accelerate the formation of a new government desperately needed to cope with a series of crises, including an unprecedented financial downturn, a senior Hezbollah source said Thursday.
The Kataeb party on Tuesday slammed the Lebanese officials for their failure in forming a new government, deeming the resignation of the Parliament and its Speaker as well as the resignation of President Michel Aoun as the sole solution to save the country from its ongoing collapse.
Prime Minister-designate Saad Hariri said Thursday he was stepping down after failing to form a government for nearly nine months. The development is likely to plunge the country further into chaos and uncertainty. Lebanon is going through an unprecedented economic crisis, described by the World Bank as one of the worst in the world in 150 years.