Bishops warn of economic collapse in Lebanon

Following its monthly meeting headed by Patriarch Beshara al-Rai, the Maronite bishops council warned on Wednesday of economic collapse in Lebanon because of the state’s failure in meeting the needs of the private and public sectors.

The bishops blamed the current situation on poor economic policies, lack of a clear, unified vision, putting personal and sectarian interests before national interests, lack of respect for the rules of democracy, increase in corruption, and poor decision-making capability due to the deep political divisions.

The bishops called for:

– Launching a partnership between the private and public sectors( which includes citizens residing in Lebanon as well as expatriates) “to encourage smart investments in infrastructure, which has been frighteningly eroded.”

– Tackling the public debt through devising budgets that can be implemented on the long-term . They recommended “a five-year plan to lower public debt and the establishment of a special fund to remedy public debt.”

– Speeding up the implementation of decentralized administration.

– The state to exercise its authority throughout Lebanon.

– People to realize their democratic rights in order to elect officials that can be held accountable for their duties.

– Officials must also assume their moral and national responsibilities

The Bishops stressed that given this dangerous situation they have to speak up because the Lebanese people are the victims.

“The church cannot distance itself from an issue whose primary victims are the people, especially the poor.”

The bishops cited the electricity crisis, the accumulation of public debt, the corruption in government institutions and the adoption of incomplete economic policies as being the main reasons behind the economic disaster.

They also identified “the instability of international oil prices” as “a major problem from which Lebanon suffers.”

The Council said rising oil prices have made the production of power more expensive, with negative repercussions on agriculture, industry and services.

The bishops stressed that the time has come to look for radical solutions for the economic crisis

  • 5thDrawer

    Must be bad, when a bunch of bishops think they have answers for an economy in trouble. Usually they just need to pass a plate.

  • 5thDrawer

    Must be bad, when a bunch of bishops think they have answers for an economy in trouble. Usually they just need to pass a plate.

  • breakthemould

    Our economists do not know much about our economy or how to run the place. What makes the Bishops think that they know better?

  • breakthemould

    Our economists do not know much about our economy or how to run the place. What makes the Bishops think that they know better?

  • breakthemould

    Our economists do not know much about our economy or how to run the place. What makes the Bishops think that they know better?