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Libya On Edge Of Collapse As Currency Dives

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AFRICANGLOBE - "Libya is on the verge of economic and financial collapse," U.N. Special Envoy Bernadino Leon, who has been trying to end a power struggle between the two governments, said last week. Since last year, the central bank has frozen year infrastructure projects, limited spending to basic public salaries and food and petrol subsidies.

Rival Leaders, Rival Governments In Libya As Crisis Deepens

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AFRICANGLOBE - Libya's political crisis deepened today when the outgoing Parliament picked a new Islamist-backed government, leaving the country with two rival parliaments and leaders, each with their own armed supporters.
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