EU Reaffirms Support for Any Libyan Initiative to Go in Parallel With Political Dialogue.

Brussels, 11 March 2015(Lana) The EU High Representative of Foreign Affairs and Security Policy Federica Mogherini said the EU was committed to supporting any Libya economic or societal initiative that go in parallel with the political dialogue, with an emphasis on engaging all parts of the society. Mogherini said , following the meeting held in Brussels yesterday Libyan businessmen from all over Libya, the meeting was in response to a Libyan initiative backed up by the World Bank and the UN mission in Libya, according to statement published by her office on Tuesday. The statement pointed out that the EU shared the businessmen conviction about the need for a sustainable development in the country. It also stressed the need to engage all parts of the Libyan society in the political dialogue. Participants discussed the economic situation, whereby they voiced their concern over the deterioration of the country's financial situation and the state of the country's budget which threatens a bankruptcy of the country. They set up what they called Union of Libyan Businessmen, to be a forum for dialogue with all parties. European sources indicate that the union aspires to work at the economic and political levels in order to put the transition process on the right track, especially that Libya is a key economic partner of the Europeans. EU foreign ministers are expected to discuss the situation in Libya at a meeting in Brussels on Monday. The EU fears that Libyan situation could become uncontrollable, and the country becomes a safe haven for terrorist groups and corridor for illegal immigration and human trafficking to the European shores. =Lana=