Lebanon's banking association announced today that banks would go on strike starting on Monday over what the banking sector has said is a build-up of "populist, harmful stances" taken against it,¬†Reuters¬†reports.
The statement said the group was taking action over the recent treatment of the sector, particularly the arrest of the head of Lebanon's CreditBank this week.
Lebanon¬†is in an economic quagmire and looking for immediate financial support. The country is going through one of the¬†worst financial crises¬†seen globally¬†since the mid-nineteenth century¬†and the Lebanese lira has been devalued.
Many in the banking sector believe¬†they are being blamed for the economic downturn in an effort to divert blame from¬†corrupt¬†government officials.