» 08/09/2012 LIBYA Tripoli, power handed over to new Constituent Assembly amid insecurity and economic crisis The handover from Mustafa Abdul Jalil, former leader of the NTC to Mohammed Salim Ali, the senior member of the Assembly, took place last night in Martyrs' Square in Tripoli. The country is the victim of an unprecedented economic crisis. The people ask the West to return funds the fruit of Gaddafi investments. Oil revenues are still in the hands of banks in Qatar.
Tripoli (AsiaNews) - The Libyan National
Transitional Council (NTC) has handed power over to the new Assembly elected on
7 July in the first democratic vote after 40 years of the Muammar Gaddafi
symbolic handover from Mustafa Abdul Jalil, former NTC leader and Mohammed
Salim Ali, the senior member of the Assembly took place last night in Martyrs'
Square in Tripoli
(formerly green square) in front of thousands of people. In
addition to celebrating the change of government, the Libyans have also
recalled the liberation of Tripoli
on 8 August 2011, with torches and candles as a sign of reconciliation. The
challenges facing the new moderate-led Assembly will be: restoring security, the
drafting of a new Constitution and recovering Libyan money frozen by the foreign
banks, necessary to resolve the grave economic crisis.
sources report that the country is still far from a full reconciliation. The
rebels have an armed militia parallel to the army, made up largely of soldiers
who fought for the Rais. "The
military are afraid of their revenge - they explain - and many do not work. The
same goes for the police, who no longer have the authority to enforce order.
Everything is still in total anarchy. The targeted killing of characters linked
to the regime is still preferred to a fair trial or to a true reconciliation.
democratic elections have brought a wave of confidence. The
population looks with hope to the new democratically elected leaders, but also
nourishes many misgivings and doubts about the economic future of the country,
struggling to restart one year after the fall of the regime.
situation - explain the sources - is disastrous. The only ones who have a
salary are government employees, but there are delays in payments for them as
well. Rent, fuel and essential goods have almost tripled. Elderly and sick
people do not have
access to medical care because they are too expensive and hospitals have not
yet been reactivated. "
problem is the exodus of foreign companies who came to Libya under the
regime, charged with modernizing the country in collaboration with local
date, most foreign companies are struggling to return, but sources say the
problem is not just about security. They
are demanding that the Libyan government pay for the contracts signed by
Gaddafi and rebuild construction sites and facilities destroyed by NATO bombs
and the fighting between army and rebels. But
no institution has the money to meet these conditions. There
is not enough liquidity for rebuilding and to restart companies.
derived from oil plants, which at the time the regime reinvested in the local
economy, is now diverted to an account of the Qatar National Bank payable to
the rebels in Benghazi. This
account was activated 27 March 2011,
a month after the outbreak of the riots. The
same fate happened to deposits held by foreign banks in different States: United States, Great
Germany and Italy. The amounts involved are huge. According
to an estimate of the German Government, the Bundesbank alone has a surplus of
1.96 billion Euros. The
rest of the money is distributed among nearly 200 activated accounts in 13
financial institutions for an indefinite amount. The
deposits are registered in the name of the Libyan Central Bank, others to the
Libyan Foreign Investment, and others to the Libyan Investment Authority. According
to experts, the total amount of funds is around 100 trillion dollars.
NTC leaders have stalled on this topic until now, claiming that the country was
still too insecure and the money was in danger of falling into the wrong hands.
the new government the people hope that the funds will be reinvested in national
banks within at least a year, but there are no leaders who are capable of
dealing with foreign economic powers.
other Libyan cities - our sources conclude - many people are ready to take up
arms if the economic situation remains this way. There is a risk of a new
revolution against those states that have contributed to the fall of the
regime. A joke is doing the rounds in the capital " UN and NATO are making us
pay the price for the bombs used to kill Gaddafi'. " (SC)