Italy Funds Rebels
Source: Agencies |
June 1, 2011, Wednesday
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Print Edition
Print Edition
ITALY has pledged to provide Libya's rebels with financial support backed by frozen assets of Moammar Gadhafi's government, the Italian foreign minister said yesterday.
Libya's rebels has complained for weeks of dwindling funds, and has been desperately seeking to secure loans and financial backing from its Western supporters to help shore up its finances.
Italian Foreign Minister Franco Frattini did not provide an exact figure but said the assistance would amount to "hundreds of millions of euros that are necessary for the daily life of the population."
Libya's rebels has complained for weeks of dwindling funds, and has been desperately seeking to secure loans and financial backing from its Western supporters to help shore up its finances.
Italian Foreign Minister Franco Frattini did not provide an exact figure but said the assistance would amount to "hundreds of millions of euros that are necessary for the daily life of the population."
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