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Uploaded on Jul 25, 2011
Germany is lending Libyan rebels a hundred million euros, despite staying out of NATO's bombing campaign against the Gadaffi regime. Berlin says the loan is for 'civilian and humanitarian purposes'. The Germans abstained from a UN vote on military intervention in March, but Chancellor Angela Merkel has since expressed hope that the NATO mission succeeds. Berlin's recognises the Transitional National Council as Libya's legitimate government. The loan comes as the rebels await access to billions of dollars of Colonel Gaddafi's assets that are frozen in offshore banks. German government consultant Christoph Hoerstel thinks Berlin has a vested interest in cashing in on the war.