Former Terrorist State Now Bailing Out Italian Banking Giant

The Prudent Investor | Wed, 10/22/2008 - 12:23pm | 2 comments

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In a bizarre twist of fates the former Italian colony Libya, once branded a terrorist state by the USA, takes part in bailing out Italy's second largest bank, Unicredit. Reuters quoted Libyan central bank governor Farhat Omar Bin Guidara who told the Italian daily Il Messaggero that Libya aims t
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› The Prudent Investor

I am an INDEPENDENT Certified Financial Analyst (OeVFA, EFFAS) who worked as a financial journalist for 15+ years and now evaluate global market trends. Analyzing financial and political news permanently I want to share my insight with those who understand that we approach an era of global redistribution of wealth. The US-European centric approach will not work much longer. Five billion people in the developing countries will demand their fair share of the world's resources.