Lebanon 's Parliament Speaker , Nabih Berri , warned today, Wednesday, of "catastrophic repercussions" for the absence of a president for the country and the disruption of the work of public institutions.

Berri's warning came, according to the official (National News Agency), to delegations that visited him today, as he expressed his hope that "Parliament will be able to complete the presidential elections soon."

And he considered that "everyone is required to realize that no one has the luxury of wasting time in light of the deteriorating financial, economic and living conditions, especially after the collapse of the Lebanese pound" and its loss of 98.5% of its value since the fall of 2019.

And he warned that "prolonging the vacancy in the position of the presidency of the republic and persisting in obstructing the work of institutions will have catastrophic repercussions from which no one will be spared, even the unemployed."

Berri stressed that "electing a president for the republic is the key to a solution that paves the way for a rescue path."

He added, "Lebanon possesses all the ingredients for advancement and recovery from the crises it is facing," pointing out that "this depends on investment on sincere intentions and benevolent will."

He stressed that "Lebanon is too small to be divided, and that there is no option to approach all issues, no matter how big or small, except through dialogue and consensus, and at the forefront is the presidency of the republic."

On October 31, Lebanon entered a presidential vacuum with the end of the term of former President Michel Aoun, without electing a successor, as the political division and the lack of agreement by the parliamentary blocs on a consensual figure led to the failure of Parliament 11 times since last September to elect a new president for the country.

The presidential vacancy coincides with a resigned caretaker government amid an economic crisis since 2019, which the World Bank ranked among the worst in the world in 150 years.