Anger in Lebanon over central bank ending of fuel subsidies ...Egypt

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Anger in Lebanon over central bank ending of fuel subsidies
BEIRUT (AP) — Lebanon’s caretaker prime minister on Thursday called a decision by the central bank to end subsidies to fuel products “illegal,” and called for an emergency Cabinet meeting to discuss the move. The Wednesday night announcement by the central bank is likely to send prices soaring in a country already in the throes of an unprecedented economic crisis. The move had been anticipated for months as the bank’s reserves dry up, but on Thursday politicians distanced themselves and blamed central bank governor Riad Salameh. Outgoing Prime Minister Hassan Diab, whose government has rarely held meetings since its resignation a year ago, called for an emergency meeting later on Thursday. H

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