Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Brüderle wants Libya's assets for relief aid

Share this article

Brüderle wants Libya's assets for relief aid
Photo: DPA
13:14 CEST+02:00
Economy Minister Rainer Brüderle wants to confiscate the financial assets of Libyan leader Muammar Qaddafi frozen in Germany to fund humanitarian relief.

According to a report in news magazine Der Spiegel, the minister suggested in an internal memo that the Libyan dictator's frozen assets in Germany and other European countries should be transferred to the United Nations to fund a humanitarian mission in Libya.

The magazine says that Qaddafi has €6 billion frozen in Germany, which, according to Brüderle, "could pay for humanitarian deliveries to alleviate the distress of the population in the whole of Libya."

The memo rules out Germany acting unilaterally, for legal reasons, but says a European Union initiative would be possible. "It needs the cooperation of the EU community," it says.

Brüderle said there was nothing in international law preventing the EU from now confiscating Qaddafi's money.

The EU froze all of the Libyan regime's European bank accounts following its military campaign against the opposition forces. It's stated intention is to give this money to the Libyan people.

DAPD/bk

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Change the world with a master’s degree from Sweden’s Linköping University

Master’s students at world-leading Linköping University (LiU) aren’t there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement