France to hand over frozen Libyan assets to rebels

France said Monday it was handing over $259 million in frozen Libyan funds to the country's opposition and allowing the rebels' new ambassador to use the country's mothballed embassy in Paris.

The French Foreign Ministry said in a statement that the money — currently frozen in French banks — must be used for humanitarian purchases, in accordance with European law.

The announcements came after French Foreign Minister Alain Juppe's meeting Monday with Mansour Seyf al-Nasr, the Libyan opposition's new ambassador to Paris.

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  • August 2, 2011 1:38 PM robertsgt40 wrote:
    Viva la France. France considers this seed money for future benefits. Not that it is theirs.
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  • August 4, 2011 6:54 AM Randy wrote:
    France has no business getting involved in the policies and politics of other countries. Their history of self serving interests made a mess out of places in the past like Syria and SE Asia. After screwing things up they have a history of making a fast exit then leaving it up to others to then clean up the problems left behind.
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