Lebanon's new PM says country faces economic 'catastrophe'

Lebanon's new PM says country faces economic 'catastrophe'
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Summary Lebanon's new PM says country faces economic 'catastrophe'

BEIRUT (AFP) - Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said Wednesday as his newly unveiled cabinet met for the first time.

"Today we are in a financial, economic and social dead-end," he said in remarks read by a government official after the new cabinet s inaugural meeting in Beirut. 

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