Tuesday, July 05, 2005

Proof that when you have money, you can say anything

From my good friend, Maummar Gaddafi

Africa urges G8 to scrap debt, reform trade

By William Maclean

SIRTE, Libya (Reuters)

"The leaders delicately skirted around a call by their host, Libyan leader
Muammar Gaddafi, that they reject foreign aid extended under what he called humiliating conditions.

Gaddafi, a wealthy force among poor African states, had told the leaders on Monday that the solution to Africa's woes was the creation of one pan-continental country with one African passport and the appointment of federal ministers (continued)..."

-This isn't the first time that Gaddafi has proposed some bizarre merger of countries. Back when he was the "champion of the Arab world" (as opposed to his current role as champion of Africa), he proposed the merger of:

  • 1971 - National referendum approves proposed Federation of Arab Republics (FAR) comprising Libya, Egypt and Syria. However, the FAR never takes off.
  • 1972 - Libya and Egypt agree on a merger, but this fails to materialise.
  • 1974 - Libya and Tunisia agree on a union state - the "Islamic Arab Republic" - but this proves to be stillborn
  • 1980 - Libya and Syria agree on a merger, but this too fails to materialise; Libyan troops start intervening on a large scale in civil war in northern Chad. (Source - BBC)

Good luck with that Muammar, let me know how it turns out for you. Here is a hint, sell the synergy of the merger..........works for everyone else.


Anonymous aerojad said...

Unfortunately for Africa, the country will never be able to come out of its debt under the current structure of the continent, and by that I mean countries that are barely stable at best. Strong governments are a must to any hopes of relief in debt (current relief would just lead to new debt)... but since the former seems unlikely, the latter is pratically impossible.

7:15 PM  
Blogger Josh Kerbel said...

A finally someone who understands! While I see no problem in eliminating interest payments, so that all payments go towards debt repayment, you cant just cut debt!

7:38 PM  

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