France, Italy and Germany are “ready to consider” sanctions on foreign powers violating an arms embargo in Libya, a joint statement by their leaders said Saturday. The statement did not directly name any foreign actors funneling arms to Libya but multiple powers have been sending fighters and weapons, fuelling a bloody proxy war that reflects wider geopolitical rifts and divisions in the Middle East and within NATO. While forces loyal to strongman Khalifa Haftar are backed by Russia, Egypt and the United Arab Emirates, the UN-recognised unity government is fighting back with Turkey’s support. “We … urge all foreign actors to end their increasing interference and to fully respect the arms embargo established by the United Nations Security Council,” the statement said. “We are ready to consi...
France and Germany proposed Monday a 500-billion-euro ($542-billion) fund to finance the recovery of the European Union’s economy from the devastation wrought by the coronavirus crisis. Putting aside past differences and seeking to prove that the Franco-German core of Europe remains intact, President Emmanuel Macron and Chancellor Angela Merkel announced the unprecedented package after talks by video conference. European Central Bank head Christine Lagarde told major European newspapers that “the Franco-German proposals are ambitious, targeted and welcome.” With the European economy facing its biggest challenge since World War II, Macron also acknowledged that the EU had fallen short in its initial response to the virus and needed to coordinate more closely on health. Financed by “borrowin...