IRELAND SOUGHT GHADAFI’S HELP IN DECEMBER 2010
Feb 28th, 2011 by Conor McCabe
[Thanks to ec for the link.]
THE Irish government attempted to secure a multi-billion euro bailout for the country’s struggling banks from Colonel Moamar Ghadafi’s international investment fund in December but failed because Libya dismissed it as a low-level investment.
National Treasury Management Agency representatives went to the North African state in a bid to get cash to prop up the Bank of Ireland, Allied Irish Banks or Anglo Irish Bank - the latter two of which were nationalized due to disastrous property loans - by selling an equity stake in one or more of them, according to British newspaper “The Sunday Times”.
This story passed me by as I don’t read the Sunday papers.
Full story here.
Bad luck for the colonel so, the decision to “invest” might have qualified him for the old green passport and happiness ever after. Ah well perhaps now they can con some foolish Chinese investor into “helping” us out.