Tuesday, December 23, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Italy Warns of Economic Crisis in Libya

February 17, 2024
Italian political expert Daniele Rovinetti

Italian political expert Daniele Rovinetti

Share on FacebookShare on Twitter

On Friday, Italian political expert Daniele Rovinetti sounded the alarm on the ongoing political fragmentation in Libya, underscoring its potential to destabilise the broader Mediterranean region.

Rovinetti, a Senior Adviser at the Italian think tank, Med Or, painted a grim picture of the consequences that the deepening rifts among Libyan factions could entail. This included a severe economic crisis with far-reaching implications for the country’s social and domestic spheres.

Rovinetti’s analysis delves into the heart of Libya’s turmoil, where the persistent schism between various institutions is escalating tensions and compounding the security challenges.

He suggested that the establishment of a third, unified government might pave the way toward elections and, ultimately, stability. However, the pronounced division between the eastern and western authorities presents a significant security risk, highlighted by recent military activities, in addition to spawning considerable economic difficulties.

The discussion also highlighted the potential for increased collaboration between Libya and Italy in combating corruption. It emphasised how the ongoing divisions are deteriorating Libya’s economy, a nation theoretically endowed with abundant natural resources and commercial prowess.

Since the fall of Moammar Gaddafi in 2011, Libya has been plunged into chaos, leading to the emergence of rival administrations, a devastated infrastructure, and a crippled economy largely dependent on oil production. This instability has broader implications, influencing migration, energy security, and regional stability, particularly for Mediterranean countries like Italy. Italy is closely linked to Libya through historical and geopolitical bonds.

Rovinetti’s warnings underline the critical need for a unified political solution to mend the divisions within Libya.

Without addressing the political stalemate, the country risks sliding further into economic decline, exacerbating the humanitarian crisis, and potentially destabilising the Mediterranean region. The intricate connection between political harmony, economic vitality, and regional security highlights the importance of international engagement and support in guiding Libya toward peace and reconstruction.

Tags: Italylibya
Next Post
Libyan Navy Participates in US-Led Maritime Security Workshop

Libyan Navy Participates in US-Led Maritime Security Workshop

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya & Pakistan Reach $4 Billion Weapons Agreement

Turkish Parliament Approves 2-Year Extension of Military Mission in Libya

Libya Adds 4 Search & Rescue Boats to Its Navy

Pakistan Army Chief Arrives in Benghazi

Indian Family Detained in Libya Over Irregular Migration Attempt

Libyan Chief of Staff Missing After Jet Loses Contact Near Ankara

EDITOR PICKS

Erdoğan Defends Continued Turkish Military Presence in Libya

Libyan Chief of Staff Missing After Jet Loses Contact Near Ankara

Libyan General Command Launches Major Agricultural Push in the South

Libya’s Central Bank Reports $671m Oil Revenue in December

Libya Supports Sudanese Refugees with Education Residency Exemption

Indian Family Detained in Libya Over Irregular Migration Attempt

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR