France, EU studying travel bans and asset freezes on Lebanon politicians

SourceAl Arabiya
SectorTourism
CountryLebanon

France and the European Union are putting together proposals that could see asset freezes and travel bans imposed on Lebanese politicians to push them finally to agree on a government to rescue their country from economic collapse. An explosion last August destroyed entire neighborhoods of Beirut, and the government that resigned as a result has not been replaced, just as decades of patronage, corruption and mismanagement have left Lebanon almost bankrupt. For all the latest headlines, follow our Google News channel online or via the app. France has spearheaded efforts to help the territory it once administered, but has so far failed to force its many sectarian groups to agree on a cabinet, let alone start the reforms that might unlock foreign aid. As many senior Lebanese politicians have homes, bank accounts and investments in the EU, and send their children to universities there, a withdrawal of that access could be a lever to focus minds. “Concrete proposals are being developed against the very...read more...