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It ultimately seems like soon after half a year of guerilla desert confrontation the anti Gaddafi forces finally were able to enter the main city of Libya Wholesale Washington Redskin Jersey , Tripoli and to dominate the renowned “Green Square”. All Tv channels right now are displaying inferior quality online videos registered on smartphones and posted on Facebook. People are already rejoicing on their own glory up against Muammar Gaddafi along with his devoted troops, despite the fact that nobody stated Gaddafi currently being deceased at this point. A few anti gaddafi fighters state he is still trying to hide in his stronghold in the main city of the land.


Even though anti gaddafi fighters simply just got into Tripoli on the twenty first of August, they by now tell you they are governing the town. Still, noise of fire and block combats are still being observed in most zones of the city. The joy is actually significant for all those folks who search for freedom for way too long. In Benghazi everyone is also honoring while thousands accumulated in the heart of the city with flags and photographs of the opposition leaders, viewing the news on a big plasma television Wholesale New York Giants Jersey , as rebel military walk further into the main city of Libya, Tripoli.


Over the next several nights most of us anticipate to find the world switching its face towards Libya in order to look at what’s going to happen. Did these people grab Muammar Gaddafi and his children? Are they going to execute the president? The Western World requested Libyan citizens and rebels not to be taken in by the hatred towards their leader and request criminal justice upon catching him alive.


It truly looks like Muammar Gaddafi, the president of Libya, has no other solution, but to surrender. Before anti gaddafi fighters got into the key city in this region Cheap Dallas Cowboys Jersey , people said there have been a minimum of 50km of faithful troops, mercenaries as well as armed forces defending the city. Having said that, no person opposed resistance to the rebel soldiers while getting deeper and eventually stepping into the city. It appears even those people who are ready to give up their life for Gaddafi or the ones that are earning a living as fighters don’t wish to go further on this, likely realizing that with such a solid bombarding backup by NATO as well as the Western Associates there is no chance to Gaddafi to remain to power on his throne for some time, not to speak about becoming victorious and achieving order in the nation yet again.


Join LibyaNewsBlog to stay tuned to the most recent updates about the condition in Libya Cheap Arizona Cardinals Jersey , its primary city and capital Tripoli, rebels, Muammar Gaddafi, his capturing along with eventual killing.


At present, what is the level of constraint on intra-bank lending?


AZZAM: The impact of the international crisis on us is clearly going to be noticeable. We are all connected; what happens in Europe and the USA affects the Middle East and the rest of the world. Because of the inter-linkages and the connection between banks Cheap Atlanta Falcons Jersey , if banks in the major European countries become risk averse, or tight on liquidity, they would not be able to place funds abroad, and would not have the appetite to finance existing maturing debt for countries in the region. So I would expect that countries that need to refinance would find it more difficult because of the international banks lack of willingness and ability to do so. There might be situation where intra-bank lines will be affected if banks in Europe are also experiencing tight liquidity conditions then the surplus funds they would normally deposit through the intra-bank market to other banks will be less. This is a global market, but different counties and different banks will feel it differently. Those who depend more on retail deposits will feel it less. Those who are wholesale banks Cheap Baltimore Ravens Jersey , whose major deposit base is the intra-bank market, they will feel the heat. For example, GIB and ABC in Bahrain, these are wholesale banks without retail branches in the region – they depend a lot on the intra-bank market and they will feel it more than a bank like NBAD or ADCB or National Bank of Kuwait or NCB, those are banks that are dependent more on branches and retail deposits. So it varies from one bank to another and it varies by countries as well.


How will this region specifically be affected by the international crisis in comparison to the rest of the world?


AZZAM: We have a different set of problems in the region than the problems banks in Europe Cheap Buffalo Bills Jersey , the USA or the Far East are facing. In Europe, we are seeing huge exposure to markets in Southern Europe and Greece. There are non-performing loans for which they need to take provisions, they need to recapitalize, and there are problems with the Euro. We do not have these problems; we have minimal exposure to Greece and minimal exposure to Southern Europe. We are affected indirectly because the feeling of risk averseness has become wide spread. People are looking at what’s happening in Europe, they see the contraction Cheap Carolina Panthers Jersey , they see the high risk there; they will be affected. I cannot think of many businesses that are expanding today or going to the bank to seek additional credit to expand because people are becoming more worried and more risk averse. People do not want to expand right now and they are delaying decisions, not because of inherent conditions, but more because of the contagion with the international situation.


The connection between our region and the international market is always through the oil market. If, for example, the crisis in Europe blows up and we go into another dip or another recession Cheap Chicago Bears Jersey , then clearly this will impact world demand for oil, more so if it affects the emerging countries. So we are affected through the oil price. We are affected through the exchange rates because our currencies are pegged to the dollar, and whatever happens to the dollar vis-?-vis the Euro and other currenc. Cheap Jerseys From China Cheap Jerseys From China Cheap Jerseys From China Wholesale Hoddies Wholesale Hats Wholesale Hats China Cheap Hats China Cheap Nike NBA Shirts Cheap Hoddies Wholesale Cheap NCAA Hats