Who came out on top in Libya?

by 1389 on August 31, 2011

in "Arab Spring", al-Qaeda, Gramfan (team member), Italy, jihad, North Africa, Spain

None other than the Libyan Islamic Fighting Group (LIFG), an internationally designated terrorist organization, the so-called “rebels,”with a peppering of Al Qaeda no doubt!

Further funding for the Jihad with the help of Italy and Spain.

Italy unblocks $680 million for Libya – The Australian

ITALY has unblocked $680 million in Libyan assets for the North African country’s new leadership, Italian news agency ANSA quoted Foreign Minister Franco Frattini as saying during a visit to Hungary.

“Today a final decision was taken to unblock 500 million euros to give further support to our Libyan friends,” Frattini said.

Billions of euros in investments by Muammar Gaddafi’s regime have been frozen in Italian banks as part of successive sanctions.

The government last week said it would release 350 million euros from these funds for the National Transitional Council (NTC) but Frattini said the sum had been increased.

Before the start of the conflict, the regime had major investments in Italy including substantial shares in Italy’s top bank, UniCredit, and aerospace giant, Finmeccanica.

Libya’s colonial ruler from 1911 until World War II, Italy was a close ally and economic partner of the regime until the start of a wave of protests in February.

It has since joined with international efforts against Gaddafi’s regime.

Meanwhile, the Spanish government has given Libyan rebels access to $21.8 million in funds in Spain and is ready to unfreeze more, Prime Minister Jose Luis Rodriguez Zapatero said today.

Further reading from World Threats: Former Libyan Terrorist Now Commander of NATO-Backed Tripoli Military Council

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