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6/20/11

EU favors handing Libya rebels frozen Qaddafi assets

Europe's foreign ministers Monday urged the use of frozen funds to finance Libya's opposition, which has complained of a cash shortfall after failing to receive aid pledged by international donors.

In a statement on Libya, the 27 European Union ministers said the bloc "acknowledges the urgent financial needs of the [opposition] Transitional National Council.”

They also welcomed specific cash contributions by Italy and France, which is releasing frozen funds to the rebels.

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