Current:Home > ScamsSurpassing Quant Think Tank Center|Beirut protest sees tear gas fired at retired officers as economic crisis leaves Lebanese "struggling to survive" -Wealth Nexus Pro
Surpassing Quant Think Tank Center|Beirut protest sees tear gas fired at retired officers as economic crisis leaves Lebanese "struggling to survive"
Chainkeen View
Date:2025-04-10 16:01:03
Hundreds of people swarmed into downtown Beirut Wednesday to protest Lebanon's dire economic conditions as the collapse of the country's currency posed an increasing challenge for a government reeling from years of chaos. Security forces fired tear gas to disperse protesters as some tried to storm the government's headquarters.
Videos on social media showed protesters trying to break through the fence around the building and hurling stones at security forces as others ran away from the tear gas filling the air.
"People are trying to express their voices, because nobody is listening to them," Wadih Al-Asmar, president of the EuroMed Rights group, told CBS News. "The majority of Lebanese are struggling to survive."
Lebanese authorities did not release any information about injuries or arrests, but some people suffered from tear gas inhalation during the clashes.
A group of retired Lebanese military personnel called for the demonstrations and other groups joined in, all protesting the difficulties of daily life amid an economic crisis that began years ago, with many demanding an increase to their state pensions, which have shrunk in real terms as the value of Lebanon's currency has plummeted.
"We protested to send a message to the government," retired General Maroun Badr, one of the leaders of the protest group made up of retired military officers, told CBS News. "We were asking for a raise to be able to cope with the taxes and fees. Our pensions aren't enough."
Over the past three years the Lebanese pound has lost more than 95% of its value against the dollar, and it continues to strike new lows.
"The situation for the military personnel and for civilians is terrible. We can't continue like this. Reform is needed to cope with inflation, just to be able to survive," said Badr, who joined the protest himself. "A delegation representing us met with the government to discuss our demands. We will wait until next week, and if our demands are not met, we will go back to the streets and escalate."
Last month, supermarkets in Lebanon were pricing items in U.S. dollars amid the unprecedented collapse of the local currency as they couldn't keep up with the daily price changes.
"I don't think retired army personal or any other group alone is going to be a game changer," al-Asmar, of the human rights group, told CBS News. "The problem is much deeper and more complicated."
Al-Asmar sees little reason to hope the protests will sway the government – long accused of corruption and mismanagement – to make the sweeping changes he believes are needed. He said as the financial crisis deepens, people are being pushed to think more about their own interests, so if the government can make limited concessions to end the demonstrations, it will likely survive the unrest.
"Politicians are happy with the status quo, as most Lebanese can't even afford to demonstrate," Al-Asmar said. "With many having to do two or three jobs to survive, they can't demonstrate for more than three hours or so."
- In:
- Economy
- Inflation
- Lebanon
- Middle East
Ahmed Shawkat is a CBS News producer based in Cairo.
TwitterveryGood! (14)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Brian 'Thee beast' fights his way to Kenyan gaming domination!
- See RHOBH's Kyle Richards and Kathy Hilton's Sweet Family Reunion Amid Ongoing Feud
- Hurricane Michael Cost This Military Base About $5 Billion, Just One of 2018’s Weather Disasters
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Is Your Skin Feeling Sandy? Smooth Things Over With These 12 Skincare Products
- Ulta's New The Little Mermaid Collection Has the Cutest Beauty Gadgets & Gizmos
- Democrats control Michigan for the first time in 40 years. They want gun control
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Shoppers Can’t Get Enough of This Sol de Janeiro Body Cream and Fragrance With 16,800+ 5-Star Reviews
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- She was declared dead, but the funeral home found her breathing
- Alfonso Ribeiro’s 4-Year-Old Daughter Undergoes Emergency Surgery After Scooter Accident
- Hurricane Michael Cost This Military Base About $5 Billion, Just One of 2018’s Weather Disasters
- Current, future North Carolina governor’s challenge of power
- Malaysia wants Interpol to help track down U.S. comedian Jocelyn Chia over her joke about disappearance of flight MH370
- Politicians say they'll stop fentanyl smugglers. Experts say new drug war won't work
- Beyond Drought: 7 States Rebalance Their Colorado River Use as Global Warming Dries the Region
Recommendation
The Daily Money: Spending more on holiday travel?
All 5 meerkats at Philadelphia Zoo died within days; officials suspect accidental poisoning
Hilary Duff Reveals She Follows This Gwyneth Paltrow Eating Habit—But Here's What a Health Expert Says
Which 2024 Republican candidates would pardon Trump if they won the presidency? Here's what they're saying.
Intel's stock did something it hasn't done since 2022
A new study offers hints that healthier school lunches may help reduce obesity
A Bold Renewables Policy Lures Leading Solar Leasers to Maryland
Kate Spade 24-Hour Flash Deal: Get This $380 Backpack for Just $99