Crisis-hit Lebanon forms govt led by Hassan Diab with Hezbollah's support

The heavily indebted state has been without an effective government since Saad al-Hariri quit as premier in October

Lebanon formed a new government on Tuesday under Prime Minister Hassan Diab after the Shi'ite group Hezbollah and its allies agreed on a cabinet that must urgently address an economic crisis.

The heavily indebted state has been without effective government since Saad al-Hariri quit as premier in October, prompted by protests against politicians who have collectively led Lebanon into the worst crisis since the 1975-90 war.

New Finance Minister Ghazi Wazni said Lebanon needed foreign aid to save it from an unprecedented situation that had forced people to "beg for dollars" at the banks and fear for their deposits. He also described