Lebanon cabinet fails to select central bank successor ...Kuwait

News by : (The New Arab) -
Lebanon's cabinet on Thursday failed to meet to choose a successor to long-time central bank governor Riad Salameh, meaning the bank could be leaderless from Monday as the country lurches towards a fifth year of financial turmoil. Salameh, 72, leaves office on Monday after 30 years as governor with Lebanon's economy in tatters and facing charges of embezzling public funds, which he denies. The looming prospect of a leadership vacuum at the central bank raises fears of further state fragmentation, and reflects wider divisions that have also left the presidency vacant and the country without a fully empowered cabinet for over a year. Caretaker premier Najib Mikati and S

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