Reports being reported on Tuesday are saying that the EU has stalled it's talks of sanctions on Libya because of Malta's close ties with investments in Libya's banking organizations. The cheif baking organization being discussed to freeze is the Libyan Investment Authority which has large ties to various nations along the Meditteranean Sea, ecspecially Malta and Italy. The primary concern for Malta is they don't want the sanctions against Libya to hurt them as well. The United States has already put sanctions on the LIA. Libya's central bank also has large investments across the world. The big decision for the EU will come between Do whats Right for Libya? or Do whats right for themselves?.
More Information at http://www.bbc.co.uk/news/business-12679222.
By: Zach Howell
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