1. Sarkozy urges EU sanctions against Libya


    French President Nicolas Sarkozy is pressing for European Union sanctions against Libya due to of Muammar Gaddafi’s bloody crackdown on anti-government protests. A statement issued by Sarkozy’s office said the “international community cannot remain a spectator to these massive violations of human rights.” Sanctions against Libya could include barring those implicated in the crackdown from entering the EU and monitoring their financial transactions. The French president said he also wants to examine the possibility of suspending economic, commercial and financial relations with Libya.

  2. http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102×4744445
    Source: Reuters

    ROME Feb 23 (Reuters) – As many as 1,000 people have likely been killed in Libya as leader Muammar Gaddafi cracks down on protests against his rule, Italian Foreign Minister Franco Frattini said on Wednesday.

    “We have no complete information about the number of people that have died,” Frattini told reporters in Rome. “We believe that the estimates of about 1,000 are credible.”

  3. Libya and World Oil Exports

    Libya is a relatively new country, having declared independence in 1951. For the last 39 years, the country has been ruled by a single man, Colonel Muammar al-Gaddafi. Over the years, the identity of this leader and his exquisite sense of style have mingled with the identity of the country itself.
    Libya joined OPEC right after its creation, and played a pivotal role in the 1973 oil crisis. For the next three decades, Libya endured tense (and sometimes belligerent) relations with western countries. In recent years, as international oil prices have been rising, Libya has been able to re-institute itself as a reliable partner to the West, taking full advantage of the wealth promised by its still considerable oil resources…

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