The President of the Lebanese Republic developed a study quantifying the damages on the economy, due to electricity outages and losses. He stressed the Cabinet to adopt an urgent reform.
Dr. Mardini reacted on Voix Du Liban morning news, confirming the importance of resolving electricity challenges through legalizing private generation and sales of power as opposed to further government spending. Any additional spending would be financed by taxes and/or debt, though Lebanon is unable to do either because of the huge deficit, debt, and sluggish growth.