mystictongue3

ITALY TO PAY LIBYA $5 BILLION FOR REPARATIONS…

In CULTURE on September 17, 2008 at UTC.35.30.

Italy is set to pay Libya $5 billion reparations for 30 years of occupation & colonialism in that country that ended in 1943.

Italy Pays for Colonialism!

Italy Pays for Colonialism!

Libyan President Moammar Gadhafi & Italian Prime Minister Silvio Berlusconi signed a memo pledging the funds for student grants, infrastructure, construction projects, and pensions for Libyan soldiers who served with the Italians during World War II.

“It is a material and emotional recognition of the mistakes that our country has done to yours during the colonial era,” Mr. Berlusconi told reporters at the airport on his arrival. “This agreement opens the path to further cooperation.”

For the reparations, Italy wants Libya to control the thousands of illegal immigrants that cross the Mediterranean to Italian shores. Libya had promised to curb the illegal immigration, but hasn’t done so to date. Italy says it will fund $500 million for electronic surveillance to patrol Libyan coastlines.

What strategic interest does Italy have in Libya? Libya is rich in natural gas & oil. In fact, Libya supplies a lot of Italy’s natural gas & oil.

“Mr. Berlusconi said the agreement helps open the way to more “gas possibilities, possibilities for Libyan oil, which is of the best quality.”

Italy colonized Libya from 1911 to 1943.

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  1. […] bookmarks tagged italy ITALY TO PAY LIBYA $5 BILLION FOR REPARATIONS… saved by 2 others     UH1 bookmarked on 09/17/08 | […]

  2. Italy should repay Ethiopia for the battle of Ondowa, at the well in 1895 b/w mussolini & selassie’s soldiers….

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