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Mon 09 Sep 2008Italy to pay Libya $5bn compensation package
ITALY:Italy agreed yesterday to pay Libya $5 billion (€2.5 billion) as compensation for its 30-year occupation of the country, which ended in 1943.
Italian prime minister Silvio Berlusconi and Libyan leader Muammar Gadafy signed a memorandum pledging a $5 billion compensation package involving construction projects, student grants and pensions for Libyan soldiers who served with the Italians during the second World War.
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