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Leon: Central Bank of Libya and other departments would not be able to disburse salaries for longer period.

Pulbished on:
Tripoli, 07.06.2015(Lana) Head of UNSMIL, Bernardino Leon underlined that the Central Bank of Libya and Libyan departments would not be able to disburse salaries for longer period. At the meeting with political leaders and activists in Algeria he said; "The financial position of the country cannot sustain Libyan departments to perform their tasks and this applies to all bodies and regions and all cities in Libya". He explained that low oil production contributed to budget deficit, even if oil production is restored to normal levels, pointing out that average production would not be able to keep the budget at a level that enables Libya preserve public assets. He added there would only be two possible ends either to present an agreement or concede Libya's inability to reach an agreement and the need to continue the war. Leon said the option of confrontations is not on the table according to letters of both sides and from several other Libyans, and that it is high time to take decisions. "If it has not been comprehended yet that Libya reached its limits, then the outcome for Libya would be a failed state' he added. =Lana=