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Economía y Finanzas  
 
01/09/2008 | Oil and forgiveness

The Economist Staff

NO, it's not Russia this time. Italy signed an agreement with Libya over the weekend that is being touted as a win-win for both countries. Silvio Berlusconi's government agreed to compensate the Libyans in a deal worth about $5 billion (including construction projects, student grants and other elements) for Italy's three-decades' long occupation, which ended in 1943.

 

In return, it is seeking Libya's help in cracking down harder on illegal immigrants and offering greater access to Libyan energy supplies.

The timing of the deal is interesting. This account notes that the agreement was reached "nearly 39 years after the young Colonel Gaddafi deposed the British-installed King Idris and set out on his 'Green Revolution', giving more than 20,000 Italians who had settled in Libya only days or hours to leave." Their relations have been patchy in more recent decades.

Then a few weeks ago, Libya reached agreement with America to settle past claims (their relations have gradually improved since 2003, when Libya accepted responsibility for the bombing of a PanAm flight over Lockerbie, Scotland some years earlier). The North African nation has been in talks with Italy for years, but those negotiations have been more complex due to emotional issues linked to the presence of Italian troops in Libya from 1911 to 1943. Everything from pensions for Libyan soldiers who served alongside Italians during the second world war, to a formal apology Mr Berlusconi for Italian "mistakes" in the past, and the construction of a coastal highway that will stretch from Tunisia to Egypt was eventually included in the pact.

It seems reasonable to conclude that Rome's eagerness to further solidify its existing relationship with Libya as an energy supplier, especially in light of current European tensions with Russia, was an important element in the timing. In comments to Italian state television, Mr Berlusconi said the deal would create more "gas possibilities, possibilities for Libyan oil, which is of the best quality." 

The importance of energy supplies in this deal seems to be underscored by the fact that Italy has sought Libya's help in the past with illegal immigration, to little effect. This time, the Italians will contribute about $500m in electronic monitoring equipment along the Libyan coast.

The Economist (Reino Unido)

 


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23/11/2008|
23/11/2008|
16/11/2008|
16/11/2008|
04/11/2008|
04/11/2008|
03/11/2008|
03/11/2008|
24/10/2008|
24/10/2008|
24/10/2008|
24/10/2008|
15/09/2008|
15/09/2008|
15/09/2008|
15/09/2008|
15/09/2008|
15/09/2008|
06/09/2008|
06/09/2008|
05/09/2008|
05/09/2008|
05/09/2008|
05/09/2008|
01/09/2008|
01/09/2008|
22/08/2008|
22/08/2008|
17/08/2008|
17/08/2008|
16/08/2008|
16/08/2008|
28/07/2008|
28/07/2008|
28/07/2008|
28/07/2008|
28/07/2008|
28/07/2008|
19/07/2008|
19/07/2008|
24/05/2008|
24/05/2008|
03/05/2008|
03/05/2008|
29/04/2008|
11/02/2008|
05/01/2008|
09/12/2007|
18/11/2007|
10/11/2007|
10/11/2007|
06/11/2007|
06/11/2007|
06/09/2007|
26/08/2007|
25/08/2007|
11/07/2007|
16/06/2007|
16/06/2007|
10/06/2007|
10/06/2007|
19/05/2007|
19/05/2007|
19/05/2007|
19/05/2007|
24/04/2007|
24/04/2007|
14/04/2007|
14/04/2007|
05/04/2007|
05/04/2007|
05/04/2007|
28/02/2007|
28/02/2007|
05/02/2007|
05/02/2007|
04/02/2007|
04/02/2007|
04/02/2007|
04/02/2007|
04/02/2007|
04/02/2007|
29/01/2007|
29/01/2007|
29/01/2007|
29/01/2007|
11/01/2007|
11/01/2007|
11/01/2007|
11/01/2007|
27/12/2006|
27/12/2006|
27/12/2006|
27/12/2006|
27/12/2006|
27/12/2006|
20/12/2006|
20/12/2006|
17/11/2006|
30/09/2006|
28/07/2006|
12/04/2006|
12/04/2006|
12/04/2006|
06/03/2006|
21/02/2006|
17/02/2006|
31/01/2006|
10/01/2006|
28/12/2005|
31/10/2005|
26/09/2005|
29/08/2005|
11/08/2005|
08/08/2005|
24/06/2005|
24/06/2005|
24/06/2005|
03/04/2005|
03/04/2005|
03/04/2005|
03/04/2005|

ver + notas
 
Center for the Study of the Presidency
Freedom House