Saturday, July 16, 2011

Libyan rebels gain recognition; wait for funds

The United States andUnited Nations have recognized the rebel government, or Libyan Transitional National Council, as the sovereign entity for Libya. The Bloomberg story, by Nicole Gaouette and Flavika Kruase-Jackson, is here

There are apparently some technical steps in releasing some of the Gadhafy'  funds to the group.

Gadhafy remains held up in Tripoli. But it seems as if Libya will resolve with a whimper before a bang, and no sudden Sunday night announcement after some “recklessness”.  Howevr, Gadhafy still remains to be fully evicted from power.

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