Friday, 12 June 2009

Italy's leaders welcome Gaddafi spending spree

Muammer Gaddafi yesterday launched a shopping spree in Rome on his fence-mending visit to Libya's former colonial ruler.

The Libyan leader investigated further stakes in Italian industry and infrastructure via his $70bn (€50bn, £43bn) sovereign wealth fund.

Despite a few political protests by opposition parliamentarians, students and members of the Jewish community driven out of Libya in the 1970s, Italy's centre-right government celebrated Mr Gaddafi's red carpet visit - his first since taking power in 1969 - as a welcome boost for a struggling Italian economy.

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