Libya Nears Revolution, Central Bank Collapse

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Libya issue

The Jerusalem Post

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Expert predicts revolution in Libya, fears crisis ‘far worse’ than 2011

Summary

Nutrition label

76% Informative

Libya faces two main scenarios: either a revolution that may be worse than the one of 2011 if no actions are taken to end this endless circle of dysfunction or a total reset towards a federal system.

The bank dominates the Libyan economy, owning the two main commercial banks and holding $27bn in reserves, most of it from oil revenues.

Libya also faces a lack of security since no Western nation has shown interest in stabilizing Tripoli ’s political system.

Former Libyan Ambassador to Sweden and UN Senior Advisor Ibrahim M.S. Grada said Libya may become a field for proxy wars.

Libya may be able to recruit more people who are struggling to survive economically and are poorly educated.

Iran could use Libya as a tool to compete against Saudi Arabia , The Emirates , and Qatar while harming Europe .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English