Retired soldiers in Lebanon started picketing the Central Bank building late on ...
BEIRUT - Retired soldiers in Lebanon started picketing the Central Bank building late on Sunday in protest at draft budget proposals to cut the state wage bill, saying they aimed to stop workers entering on Monday morning.
The retired soldiers have blocked the Central Bank’s three entrances, including the one for vehicles, said a Reuters video journalist who was there. “The soldiers are blocking the doors of the bank and this obstructs the arrival of employees, but God willing there will be another way for employees to get in,” he said.
Central Bank workers went on strike early last week over proposed cuts in the wage bill, causing the Beirut Stock Exchange to suspend trading for two days because the transaction clearance and settlement process could not be completed on time. But the strikes and protests point to the political difficulties facing Prime Minister Saad al-Hariri’s unity government as it seeks to agree a budget to narrow a gaping deficit.
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