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| Africa North | |
| LIBYA: REBELS WANT 3 BILLION DOLLAR LOAN | |
| 2011-05-04 | |
| h/t Gates of Vienna Libyan rebels have today warned that their economy could collapse in the next few months if France, Italy and the United States do not provide loans worth three billion dollars guaranteed by the frozen funds of the Libyan leader Muammar Gaddafi. "The liquidity we have in the country will probably be enough for three months, four at most," said Ali Tarhouni, the economy and oil "minister" for the National Transitional Council (NTC), the political organ of the rebels controlling the east of the country.
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| Posted by:gr(o)mgoru |
| #8 Confederate currency will do nicely. ____________________________________ borgboyjeffdavis |
| Posted by: borgboy 2011-05-04 16:44 |
| #7 Probability between zero and one, g(r)omgoru. Beyond that...I am not a financial whiz kid. On the other hand, it doesn't take a PhD to ask for money from them who got some. |
| Posted by: trailing wife 2011-05-04 14:53 |
| #6 The man was a professor of economics until recently, so possibly he knows what he's talking about. Tell me you were being facetious, TW |
| Posted by: g(r)omgoru 2011-05-04 14:34 |
| #5 Oh, so the rebels are running out of cash. Boo, Hoo. |
| Posted by: Redneck Jim 2011-05-04 11:21 |
| #4 It's a liquidity problem. Cash will be draining out of rebel areas and they have no way to replace it. |
| Posted by: phil_b 2011-05-04 10:18 |
| #3 How 'bout we have an international military force sit on the oil wells in the east around Benghazi? You know, for collateral. |
| Posted by: Steve White 2011-05-04 09:11 |
| #2 John Adams to the white courtesy phone. |
| Posted by: Procopius2k 2011-05-04 09:00 |
| #1 Would such a loan be any riskier than one to the US? |
| Posted by: Glenmore 2011-05-04 08:02 |