Saturday, July 9, 2011

Muammar Gaddafi has threatened to take the war in Europe

Libyan leader Muammar Gaddafi has threatened to send in Europe several hundred Libyan military in retaliation for Western countries to the detriment of its military campaign, NATO, says RIA Novosti.

"We regret when war came in Europe," Gadhafi said before many of his supporters in the town of Sabha 800 km south of Tripoli.

State TV broadcast the audio recording of the speech of the Libyan leader. Gaddafi declared readiness to avenge the European countries - "Eye for eye, tooth for tooth." According to him, Sicily, the Canary and other island in the Mediterranean are primordial Arab territories and must be "liberated."
"We are not afraid of them. We have no choice but to resist, to become martyrs and to fight until the very end, "said Gaddafi.

Southeast Europe has little progress in the first half of 2011

Southeast European countries, among which is Bulgaria, reported little progress in the first half of 2011. As a result it is expected a GDP growth in the region to be 1.9 percent for the year. It said in the last analysis for Central and Eastern Europe (CEE) "Raiffeisen Research" division "Raiffeisen Bank International".

Meanwhile, GDP growth expected this year for Central Europe is 3.3%. "The countries maintain close relations with Germany and German business in particular, enjoy the expansion, which has helped the economies of Poland and Slovakia to reach its potential growth", says the analysis "Raiffeisen".

According to Peter Bretsinshek, director of "Raiffeisen Research", differences in growth can be explained by the fact that domestic consumer demand has not recovered. Improvement is expected this year, which will displace exports from its leading role in economic growth in 2012, its dynamics will weaken significantly in line with the slowdown in Europe.

Against this background into account the expected GDP growth of 4.5% for 2011 CIS Bretsinshek considered reasonable forecasts for growth of 3.8% in CEE. And coming in 2012 may be a risk to domestic economic activity is overestimated, says the analysis.

For experts from Austria, "Raiffeisen Research" expect real GDP growth of 3.3% in 2011, which will be one of the highest in the eurozone. However, growth is expected to fall to just below 2% in 2012 due to declining export activity and the gradual return of consumer spending to normal levels.