Caretaker Economy Minister Nicolas Nahhas warned on Thursday that the political crisis in the country will have an impact on the economy if it worsened and the country entered vacuum in state posts.

“The red line is the hypothesis that the division would increase among the Lebanese,” Nahhas said in comments to Voice of Lebanon radio (93.3).

President Michel Suleiman would be abiding by the Constitution if he formed a neutral cabinet along with Premier-designate Tammam Salam, political sources said.

The sources told pan-Arab daily al-Hayat published on Thursday that the Constitution does not state the representation of certain political parties in the government.

Maronite Patriarch Beshara al-Rahi reiterated on Wednesday in his Christmas sermon calls on officials to bridge the gap and exert efforts to form a new cabinet capable of overseeing the upcoming Presidential elections.

Al-Rahi stressed during the Christmas mass held at Bkirki the importance of the formation of a new cabinet to end the political deadlock.

President Michel Suleiman urged on Wednesday the need to form a new government before March 25, which marks the beginning of the constitutional period to elect a new president.

He also stressed: “Neglecting the rotation of power will harm democracy.”

President Michel Suleiman is determined to form a new government before the end of his term in May 2014, reported As Safir newspaper on Wednesday.

Sources close to the president revealed that he had informed all political powers that he will not end his term before the formation of a new cabinet.

Speaker Nabih Berri and Progressive Socialist Party leader MP Walid Jumblat are carrying out direct contacts to tackle the lingering political crises, in specific the cabinet formation stalemate.

According to al-Joumhouria newspaper, Berri and Jumblat are seeking to end the cabinet deadlock based on President Michel Suleiman and Prime Minister-designate Tammam Salam's determination to form a government at the beginning of 2014.

President Michel Suleiman hoped on Tuesday that Christmas will bring with it the spirit of love and hope in Lebanon.

He wished that this spirit will help Lebanon “overcome its political and humanitarian crises.”

President Michel Suleiman is holding on to his stance and rejects any attempts to extend his tenure, which ends in May 2014, as media reports said on Tuesday that the cabinet will be formed by January 30, 2014.

Al-Joumhouria newspaper reported on Tuesday that Suleiman insists on heading back to his hometown of Amchit on May 26,2014.

Helping Lebanon overcome the burden of Syrian refugees and supporting the stability of its state institutions are two main issues that will be on the agenda of high-level talks between French and Saudi leaders over the weekend, officials said.

The French officials told pan-Arab daily al-Hayat on Tuesday that French President Francois Hollande is expected to discuss with Saudi King Abdullah Lebanon's political crisis.

Head of Loyalty to Resistance bloc MP Mohammed Raad on Monday met with President Michel Suleiman in Baabda and repeated the “advice” of Hizbullah chief Sayyed Hassan Nasrallah, who had called for avoiding a “de facto cabinet.”

"The meeting was positive and represented the best response to reports claiming ties were severed between the two parties," Hizbullah's al-Manar television quoted sources close to Baabda as saying.