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.
| The man was a professor of economics until recently, so possibly he knows what he's talking about. There is a question of establishing an economy capable of generating the income to pay back the loan... |
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