12.12.2008 - Oil makes for strong ties between Italy and Libya
From IHT: A report released by the International Monetary Fund praised Libya's $50 billion sovereign wealth fund for its transparency and management but said it needed to start investing beyond North Africa. Italy is familiar - and available - territory for Libyan investment. United Nations sanctions were lifted in 2003 and since then Libya has initiated a series of structural reforms and sped up its transition to a "people's capitalism.".... Full Article: Source