Word: libya
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...hesitated to involve himself in the most questionable military exploits. Reagan was eager to send troops into Grenada. Reagan applauded the British invasion of the Falklands. Reagan has sent guns and money to Afganistan. Reagan has sent military aid to the contras in Nicaragua. Reagan has bombed Libya...
...nearly a year, Fiat Chairman Gianni Agnelli has been trying to rid Europe's largest private automaker of an unwanted partner: the government of Libyan Strongman Muammar Gaddafi. In 1976 Libya purchased a 15% share of the then troubled company for $320 million and won two seats on Fiat's 15-member board. After Fiat executed a successful turnaround to become Europe's best- selling automaker, the Tripoli government refused to part with its shares. Last week Libya, presumably strapped for cash by low oil prices, handed over its shares for a handsome $3 billion. Two of the buyers, West...
...With Libya out of the picture, Fiat is free to negotiate military contracts with the U.S. Government, an activity that was discouraged by the Reagan Administration as relations with Libya deteriorated...
...than to pin the blame on each other for trying to wiggle out of it. Gorbachev annoyed the U.S. by unveiling a series of grandiose arms-control proposals that Washington judged to be largely propaganda maneuvers designed to put Reagan on the defensive; after the U.S. air strike against Libya, a Soviet client, Moscow called off a summit-planning visit by Shevardnadze to Shultz that had been scheduled for May. Each side kept grumbling that the behavior of the other raised grave doubts about how much it wanted either a summit or an agreement of any kind. The tone...
...fact that Gaddafi is willing to take the risk indicates how much Libya needs water. The Libyan government calls the scheme the Great Man-Made River Project, while Gaddafi's critics have dubbed it the Great Madman River. Just who is right is as difficult to predict at this stage as the colonel's next political move...