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Image header Agence Europe
Europe Daily Bulletin No. 10372
THE DAY IN POLITICS / (eu) eu/libya

Using frozen Gaddafi funds to help TNC

Brussels, 05/05/2011 (Agence Europe) - The members of the Contact Group on international intervention in Libya - in which Catherine Ashton represents the EU - decided on Thursday 5 May, in Rome, to create a special fund called the “temporary financial mechanism” to help finance the rebel interim Transitional National Council to oust Muammar Gaddafi. The fund will be fuelled by the frozen funds of Gaddafi and of his close circle, estimated at $60 billion. Initially, this money - which is...

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