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Lebanon banking association says may withdraw from…

BEIRUT, July 23 – Lebanon’s banking association said on Thursday there was a possibility it would pull out of talks with the finance ministry and the government’s adviser Lazard, which aim to reach an agreement over a financial recovery plan.

“The atmosphere that prevailed at a meeting today at the finance ministry brought matters back to square one and does not encourage moving forward towards an understanding. … Not continuing the negotiations on the part of the banking association is a possibility,” it said in a statement.

A second statement issued shortly after was almost identical but did not mention a possibility of withdrawing. (Reporting by Ellen Francis and Laila Bassam;)

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