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View Full Version : As oil cash fades, Libya opens up



Blackberry
9th October 2003, 09:49
TRIPOLI, LIBYA – For the past two weeks the streets of Libya's capital have been strung with banners celebrating the 34th anniversary of the Sept. 1 coup that brought Col. Muammar Qaddafi to power.

"Congratulations on 34 years and here's to another 34," reads a banner in Green Square - the concrete expanse where crowds gather to hear Colonel Qaddafi's famous hours-long speeches.

Continued... http://www.csmonitor.com/2003/0912/p06s01-wogi.html

Key quotes:


They are the key steps in a wider Libyan strategy to modernize and diversify the economy - now dependent on a faltering oil sector - and reintegrate it into the global market. Central to the plan is the privatization of government-owned institutions.

Translation: Libya finally accepts capitalism. Another state caves in to U.S. pressure.


"The picture is very gloomy," says Yousef Sawani, a British-trained professor of political science. "Unless you give in to the US and its interests.... Well, consider Iraq."

RED CHARO
9th October 2003, 14:14
(Readings from an Anarchist site..)
NO Socialist government , will ever be able to stick to a budget (including China + Cuba)that includes sucking up to the rest of the (western ) world 100%...... so of course they will have to give in consetions, what do you expect!!!!!!!