Aoun: Lebanon Is not on the Path of Bankruptcy

President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
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Aoun: Lebanon Is not on the Path of Bankruptcy

President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)

President Michel Aoun warned against spreading negativity over the country’s economic situation and disseminating harmful rumors.

“The Lebanese pound is not in danger and Lebanon is not on the road to bankruptcy,” he said on Wednesday during a meeting at the Baabda Palace with a delegation of the Lions clubs, headed by Governor of the Region 351, which includes Lebanon, Jordan, Palestine, and Iraq.

The delegation visited the Baabda Palace to thank Aoun for patronizing the hand-over ceremony held recently, and to brief him on the Lions humanitarian activities and programs scheduled for 2018.

Addressing the delegation, the president said he hoped that the overall situation in Lebanon and the Arab countries would improve significantly, and peace would prevail.

“We in the Arab world are all living martyrs. Shrapnel of wars in the region has spread across Lebanon through terrorism and sleeping cells. We thank God that we have been able to establish internal security and fortify our borders. We are now at the point of addressing economic security after we were afflicted with many economic burdens. Rumors that the economic situation is on the brink of the abyss are not only false but also abhorrent,” Aoun stressed.

He noted that some political parties were working on spreading rumors “to derail the reform process that we have initiated.”

“We do not deny that there is a crisis, but we are dealing with it through the adoption of the state budget, which has not happened for nearly 11 years, as well as through the economic plan that we have set and through the CEDRE Conference,” the president said.



EU Preparing to Appoint Envoy to Syria to Address Migration Crisis

Lebanese caretaker Prime Minister Najib Mikati and his Italian counterpart Giorgia Meloni hold a joint press conference in Beirut. (Reuters)
Lebanese caretaker Prime Minister Najib Mikati and his Italian counterpart Giorgia Meloni hold a joint press conference in Beirut. (Reuters)
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EU Preparing to Appoint Envoy to Syria to Address Migration Crisis

Lebanese caretaker Prime Minister Najib Mikati and his Italian counterpart Giorgia Meloni hold a joint press conference in Beirut. (Reuters)
Lebanese caretaker Prime Minister Najib Mikati and his Italian counterpart Giorgia Meloni hold a joint press conference in Beirut. (Reuters)

The European Union is preparing to appoint a special envoy to Syria, with officials from the Commission and the External Relations Department emphasizing that this move is not intended to “normalize relations with the regime” but rather to address the escalating migration crisis, which is expected to become increasingly complex after recent developments in Lebanon.

Lebanon has seen nearly a quarter of its population displaced, with many of their homes destroyed in border villages and parts of Beirut due to Israeli attacks.

Italian Prime Minister Giorgia Meloni, in coordination with her Austrian counterpart, has been active in recent months, pushing the EU toward normalizing relations with Syria to facilitate the return of refugees.

However, some member states, led by France, have strongly opposed this approach, ultimately agreeing—after extensive negotiations within the European Council—to appoint a special envoy whose mandate is limited to addressing the refugee crisis.

The issue of refugees and displaced persons was central to Meloni’s recent discussions during her regional visit, with Beirut as her final stop. There, Lebanese caretaker Prime Minister Najib Mikati urged her to intervene to help resolve the crisis, which poses significant challenges as winter approaches.

In July, Italy, currently holding the G7 presidency, decided to appoint an envoy to Damascus to “shed light” on Syria, as Italian Foreign Minister Antonio Tajani put it.

Italy had withdrawn all its diplomatic staff from Damascus in 2012 and suspended its diplomatic activities in Syria in protest against the “unacceptable violence” by Bashar al-Assad’s regime against its citizens, who were holding peaceful rallies against his rule.

Earlier this summer, Italy and seven other EU countries sent a letter to EU High Representative for Foreign Affairs Josep Borrell, urging a more active European role in Syria to help return a number of Syrian refugees from EU countries, particularly Austria, Slovenia, and Croatia.

The signatories called for an end to the EU’s “three no’s” policy: no lifting of sanctions, no normalization, and no reconstruction under the current regime, emphasizing that peace in Syria is impossible as long as the current government remains in power.

Reports from the EU Migration Department indicate that Syrians continue to leave their country in significant numbers due to worsening economic conditions. Many Syrian refugees in Lebanon are also joining irregular migration routes to Europe, as living conditions have deteriorated in Lebanon in recent years. Italy, Austria, Cyprus, the Czech Republic, Greece, Croatia, Slovenia, and Slovakia signed the letter.

Most of these countries have recently reopened their embassies in Damascus, with Italy the only G7 nation, to resume diplomatic activities in the Syrian capital.

Italian sources have expressed concerns that Israel’s war on Lebanon could spill over into Syria or expand regionally, potentially triggering another large-scale migration crisis that the EU may not be prepared to handle under current conditions.

However, the new European policy, spearheaded by Italy amid the ongoing regional shifts, aims for a broader objective: enhancing the EU’s presence in Syria to compete with Russia, contain the Iranian regime, which has recently faced significant setbacks, and counter Türkiye's expanding influence.

Syria has been under sanctions from the United States, the EU, and several other countries since 2011.