Brussels tackles Libyan interests in Europe

Published on 8 March 2011 at 10:42

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In response to the violent repression of the popular uprising by Muammar Gaddafi, "Europe freezes Libyan assets", headlines Corriere della Sera, noting that "the stakes and investments of the head of state, worth 30 to 40 billion euros in at least five European countries, will be suspended by Brussels". The measure, taking effect on the morning of March 8, will involve several companies in which Libyan sovereign funds are among the major shareholders, such as ENI, BP and Shell (oil), UniCredit and BNP (banks), Juventus (football) and Vodafone (telecoms). Meanwhile, the influx of refugees from North Africa continues, writes La Stampa: in the last 24 hours more than 1,700 have landed on the island of Lampedusa, whose shelter facilities are on the brink of a crisis.

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