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Libya Bankruptcy Warning Raises Concerns

Libyans like to say their country will one day be seen as “Dubai on the Mediterranean” -- rich, successful and advanced. But as their country struggles with a fitful political transition from autocracy to democracy amid storms of militia violence, political squabbling and lawlessness, they are now hearing for the first time talk that Libya could go bankrupt. That could happen in four years, according to Revenue Watch Institute, a New York-based think tank. In a study by its...

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