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[QUOTE]Originally posted by Trollkillah # Ish Gebor: [QB] [QUOTE]Originally posted by Child Of The KING: [qb] Yeah Yo...It seems tings are FISHY in Libyan land and to unravel Libya will lead us to better understand NA. Keep posting whatever you find Bro. Informative and Learning produces Knowledge. Hopefully people see the Turkish influence(wink wink) that is a constant in these articles. [/qb][/QUOTE]Here is some other info, you'll find interesting: Turkey Seizes Libyan Bank Assets [QUOTE] Turkish Foreign Minister Ahmet Davutoglu, center, in Benghazi Sunday. European Pressphoto Agency [IMG]http://si.wsj.net/public/resources/images/WO-AG154_TURKLI_G_20110704171542.jpg[/IMG] ISTANBUL—Turkey seized control of Libyan bank assets Monday, one day after recognizing Libya's opposition in Benghazi as the country's legitimate government, in moves that effectively severed remaining ties to Col. Moammar Gadhafi. In a statement, Turkey's Savings Deposit Insurance Fund said it had taken temporary control of Libya's 62.37% stake in A&T Bank, formerly known as the Arab-Turkish Bank, in response to United Nations Security Council resolution requirements. A&T Bank was formed 30 years ago to facilitate Turkish trade, primarily with Libya, and underwrote over $2 billion in letters of credit and guarantee in 2010, according to the bank's annual report. [b]Muammar Gaddafi's son rejects calls for his father to step down and says that Western powers have made themselves "legitimate targets" for retaliation. Jessica Gray reports.. Video Courtesy of Reuters.[/b] [i]Click image[/i] [URL=http://online.wsj.com/article/851150D5-8FF7-417E-88F3-F1E2CB6340B9.html] [IMG]http://tinyurl.com/n62wmdw[/IMG][/URL] The bank had 1.4 billion Turkish lira ($862.7 million) in assets, the report said. That move, and Sunday's recognition of the Libyan opposition's National Transitional Council, appeared to close the circle on Turkey's gradual shift from being one of Col. Gadhafi's staunchest supporters at the start of the country's fighting in February, to aligning clearly with the opposition. Over the past two months in particular, Turkey's leaders have been adjusting a foreign policy that went under the rubric "zero problems with neighbors" to changes forced by the Arab Spring, analysts say. In Libya as in Syria, Turkish foreign policy had been built on strong ties with leaders now targeted by mass revolts. "The demands of the people for reform must be met. Al-Gadhafi must go. Libya must not be divided. We recognize the [National Transitional Council] as the legitimate representative of the Libyan people," Turkey's Foreign Minister Ahmet Davutoglu said Sunday, while visiting the Libyan opposition stronghold Benghazi, according to Turkey's state-run Anatolian news agency. Mr. Davutoglu arrived with a delegation of about 100 government officials and businessmen in response to opposition calls for urgent infrastructure reconstruction aid, according to an official involved in the trip. The Turkish foreign minister promised $100 million in cash aid and $100 million in projects for Libya, in addition to $100 million already pledged, Anatolian reported. Selcuk Unal, the foreign ministry spokesman, said the visit was unrelated to recent public threats from Libyan opposition leaders that a post-Gadhafi government would favor countries that had actively supported them, over those that had stood by. "This trip was planned six or eight weeks ago," Mr. Unal said, adding that it was delayed first by Turkey's national elections June 12, in which Mr. Davutoglu ran for a seat in Parliament, and then by difficulties of lining up schedules. He also stressed that Turkey hasn't severed diplomatic relations with Tripoli, although the Turkish embassy was evacuated in early May. Turkish officials acknowledge that Ankara's response to the unrest in Libya has been affected by its economic interests. At the outset of the conflict, some 25,000 Turkish citizens were living in Libya and had to be evacuated. In 2009-2010, Turkish companies launched $7.6 billion in construction contracts in Libya, according to Turkey's Foreign Economic Relations Board, or DEIK. Most of these contracts are in areas of Libya still under Col. Gadhafi's control. When fighting first broke out, Turkey's Prime Minister Recep Tayyip Erdog an spoke out vehemently against any military intervention in Libya, accusing Western allies of seeking to exploit Libya's oil resources. At one point, protesters in Benghazi burned the Turkish flag. But Ankara eventually joined Western allies in calling for Mr. Gadhafi's resignation. Monday's statement by the insurance fund said the Libyan shares in A&T Bank were being seized in response to UN Security Council resolutions 1970 and 1973 on Libya, which were passed in late February and mid-March. The statement gave no explanation for the delay. A spokesperson for the bank didn't respond to phone and e-mailed requests for comment. [/QUOTE] http://online.wsj.com/news/articles/SB10001424052702304760604576425700767313490 [/QB][/QUOTE]
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