nothing is happening in libya without the involvement of colonel qaddafi. i do not think that he truly wants to make a reform in libya. if he is sincere enough, why does e draw the red line that my friend mentioned? he is above everything. this is the problem. if they sincerely want to make reforms, he will start doing reforms himself. stop spending the libyan money that he has not earned. for example, he pays someone in london to make a speech 1.5 billion sterling. what i got from that speech is the last payment that was made by his professor. you need to come back here to school to take a course in the rule of law and the ability of the people to elect and change the president. that was the last statement said by his professor. it did not say anything about that in egypt. we know that that is just talk. also, when some people said there was a lot of improvement in the economy, do you know who controls everything in libya? it is qaddafi himself, his wife, his children. these are the big companies. they own everything. we don't. i lived in america. i am an

, nothing changes, and we have heard that qaddafi will never change. would like to show you the opposite. libya it is a rapidly changing, exceedingly volatile place economically and politically. in the late 1990's, during the sanctions. , -- during the sanctions period, could you comment on the tremendous changes that the libyan economy, both private and governmental have seen. particularly 1997 and depicting libya as undertaking rapid change since it was government controlled in the past. but i agree with you. on the economic side, there has been tremendous reform and tremendous activity. they are now executing approximately $130 billion worth of projects. a lot of thae contracts and othr development schemes were helter- skelter in a frenzied attempt to try to catch up from 40 years of stagnation. they are, in terms of the new laws and partnerships and privatizing banks with letters of credit, that they are expanding. there are a very dynamic opening. the fact that i said that they have a very good economic team that realizes that they that -- that th

we heard here that -- that i'll show you that qaddafi never changes. i like to focus on the opposite. libya is a rapidly changing exceedingly volatile place economic by and politically. in fact, in the -- in the late 1990's, still in the sanctions period, economic liberalizations, a small ifitah has grown in the last decade. could you comment on the changes that the libyan economy both private and governmental g.p.c. sectors vene and particular talking about the recent passage of law nine superseding law five of 1997 and maybe depicting libya as a a place of rapid change on -- on the economic issues because it had been so -- so government controlled in the past. >> i agree on the economic side, which i tried to address i think with jonathan's question, there has been tremendous -- there has been tremendous reform and activity. i mean, they have -- they're now executing the -- approximately 130 billion dollars worth of projects upon and -- and -- a lot of it was, you know beginning stages a few years ago when they -- when they embarked on the program, a