Can Colonel Gaddafi Turn Around Libya’s Fortunes? (2003)

The New Libya (2003) - After years of isolation from the international community it looks as though Libya is on the road to reform. Subscribe to Journeyman here: Colonel Gaddafi is the longest serving Arab leader in power. After seeing the deposal of his old ally Saddam Hussein, it appears that Gadhafi is willing to make changes which might protect his regime. To end sanctions placed on Libya since the infamous Lockerbie bombing, Gaddafi is to pay a compensation package. “It’s not compensation. It’s a price,“ claims Gaddafi. The ’price’ for acceptance in the world community. It now seems that part of this ’price’ is open disarmament. True to form, the timing of Gaddafi’s announcement to disarm was impeccable - it came just two days before the 15th anniversary of the Lockerbie bombing. He has also dropped Libya’s compensation claims for America’s 1986 bombing. But Libya is currently facing its own economic failure and reform is necessa