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Lebanon Debate
Kanaan Criticizes The Climber Over Deposits
The article discusses the intense conflict between Deputy Ibrahim Kanaan and the Secretary-General of the National Bloc Party, Michel Hello, following Kanaan’s re-election as head of the Finance and Budget Committee and the Constitutional Council’s decision regarding banking reform law. Hello's attack and accusations that Kanaan is "dark for depositors and financial reform" were met with a strong response from Kanaan, who accused Hello of misreading the Constitutional Council’s decisions and records. Kanaan emphasized that the committee upheld international standards concerning banking reforms and that nullifying Article 3 of the law is a protection of special interests at the expense of depositors' rights. He stressed that their fight is about safeguarding depositors' rights and ensuring that laws and international standards are properly represented. Additionally, he reaffirmed that everything happening aims to build a transparent and productive economy, and that the Constitutional Council’s decision reflects the integrity of this struggle, which is at the heart of legal and constitutional work.
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