Kanaan Criticizes the Government and Its Handling of Deposits

Ibrahim Kanaan, head of the Finance and Budget Committee, criticized the mechanism employed by the Lebanese government in addressing financial crises, comparing it to other countries. Kanaan stated in a tweet on his Twitter account: "Just hours after the collapse of Silicon Valley Bank last Friday, the U.S. government exerted every effort to find a solution - announced just moments ago - for all deposits, as stated by U.S. Treasury Secretary @SecYellen, while in our crisis, despite the differing capabilities, our governments' 'solutions' relied on considering them losses, writing them off, and stopping payments."