Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA


Lebanon's tricky search for a consensus to pick a president


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November 23, 2022

The Taif Accord of 1989, which led to fundamental constitutional changes in Lebanon, reduced the powers of the country’s president. Yet the institution is significant.

According to the constitution, the president, who by custom is always a Maronite Christian, is described as “the head of state and the symbol of the nation’s unity". His or her main purpose is to “safeguard the constitution and Lebanon’s independence, unity, and territorial integrity".

While there is much in this formulation that is open to interpretation, there is also a refreshing clarity in that a president has responsibilities to which all Lebanese communities and factions can, or should, agree. You would have thought so, at least.

Yet in the last 10 days, several communal representatives, namely Hezbollah’s secretary general, Hassan Nasrallah, and three former prime ministers, have sought to define the kind of president they would view as ideal. Lebanon is in the midst of a presidential vacuum, after the end of Michel Aoun’s term, and the country’s many political forces have yet to agree on a successor.

While the preferred guidelines that have been announced do not necessarily contradict the constitution, it is revealing that everyone should still be defining the role of the presidency, sometimes beyond what the constitution mandates. If anything illustrates how far Lebanon’s political forces have drifted away from a document that should reflect a national consensus, it is the divisive way they continue to impose conditions on its fundamental provisions.

In a speech on November 11, Nasrallah declared that Hezbollah sought a president “who reassures” those backing the resistance. He must be someone “who will not sell” the resistance, “scare it, or plot against it". Hezbollah wants a president “who is courageous", and will not tremble if the US embassy, State Department, or US Central Command “shouts at him”.

Lebanon today is not a normal country and no new national consensus seems possible

Nasrallah’s comments were part of a more complicated process of advancing the fortunes of the party’s favourite candidate – by all accounts Suleiman Franjieh – at a time when its major Christian ally, Gebran Bassil, is seeking Hezbollah’s endorsement for his candidacy. But it is also more than that. What Nasrallah effectively did was impose a para-constitutional filter on all potential presidents, which effectively alters the constitution’s meaning.

Hezbollah’s main rival, the Lebanese Forces, has not acted very differently. Weeks ago, the party’s leader, Samir Geagea, declared that he would support a “confrontation president", one who would oppose “everyone who has ruined their lives". However, Mr Geagea has made clear many times since then that the main target to “confront” was Hezbollah and its allies.

Members of the presidential guards remove a Lebanese flag after six-year term of former Lebanese President Michel Aoun officially ended, at Baabda Palace, east of Beirut, Lebanon, on November 01. EPA
Members of the presidential guards remove a Lebanese flag after six-year term of former Lebanese President Michel Aoun officially ended, at Baabda Palace, east of Beirut, Lebanon, on November 01. EPA

By affirming their contrasting approaches, both Nasrallah and Mr Geagea paid little heed to the central role of the president as a “symbol of the nation’s unity". Neither of their projects will help unity, despite their belief in the contrary. To many Lebanese, Hezbollah’s resistance project is little more than a facade to ensure continued Iranian control over their country. As for Mr Geagea, most Lebanese would regard his ambition as placing Lebanon on a path to civil war.

In the wake of Nasrallah’s speech, three present and former prime ministers, who convene frequently to co-ordinate their positions, met on November 14 at prime minister-designate Najib Mikati’s home and outlined their vision of a president. They expressed support for a president “strong through his wisdom who should enjoy the backing and confidence of all Lebanese, not just one specific group". They went on to say that the president “should respect the constitution, the Taif Accord, and resolutions of the UN Security Council and the Arab League".

The prime ministers are all from the Sunni community, and their effort to defend the Saudi-sponsored Taif Accord and Security Council and Arab League decisions was clearly a riposte to Nasrallah’s speech, despite the denials of one of the three participants, Fouad Al Sanioura. Affirming Lebanon’s Arab identity has long been a cornerstone of the Sunni community, at a time when Hezbollah has sought to limit Lebanon’s ties with the Gulf states in particular.

Given these very different perceptions of what a president should be, it is no surprise that post-war presidents have fallen into two categories: They have either been figures who have had to satisfy all the major political actors, leaving them with almost no latitude to advance an agenda of their own; or they have sought to satisfy Hezbollah (and previously Syria) against a large segment of hostile Lebanese, dividing the country even more.

The simple reality is that Lebanon is so disunited over the most fundamental aspects of its social contract, that its head of state, whoever he or she is, cannot possibly be effective as a leader. Which makes one wonder why so many Maronites are willing to virtually destroy the country to get the job. But more profoundly, a normal country that cannot agree on what the president’s role is should seek harmony over a new social contract, then amend its constitution accordingly.

However, Lebanon today is not a normal country and no new national consensus seems remotely possible. That is why the presidency, towards which many Lebanese are looking, has become far more a symptom of the country’s ills than an institution that can help resolve them.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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Updated: November 23, 2022, 4:00 AM