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Economy / Libya

Libya

April 2010 | Ratings Update

Libya has lifted the ban on visas for citizens from Schengen zone countries on March 27 after Spain's Foreign Ministry, speaking on behalf of Schengen countries, announced that it would scrap a Swiss-instigated blacklist for Libyan travelling to Europe. The development plays into our view that commercial considerations would ultimately force de-escalation of the diplomatic crisis. Relations with Switzerland remain bitter, however. Swiss businessman Max Goeldi, who was apparently caught up in the row, remains in prison on what the Swiss allege are 'trumped up' charges. Commenting on the lifting of the travel restrictions against Libyan diplomats, the Libyan

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