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Sader: Govt rescue plan will ruin economy, banking sector

Osama Habib- The government’s rescue plan would choke the Lebanese economy for the next 20 years and decimate the banking sector, the Secretary General of the Association of Banks in Lebanon Makram Sader warned Wednesday. “We have lot of remarks about the government’s economic plan which will be discussed with the International Monetary Fund. If we go along with this plan, the Lebanese economy will suffocate for 20 years. This plan will also destroy the banking sector and the Central Bank without giving another alternative,” Sader told The Daily Star in a phone interview.
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