Gaddafi's son says no need for foreign mediation

LONDON, March 3 Fri Mar 4, 2011 1:03am IST

LONDON, March 3 (Reuters) - Saif al Islam, the son of Libya's leader Muammar Gaddafi, said on Thursday there was no need for any foreign role in ending Libya's crisis when asked about a mediation offer by Venezuela.

Saif said in an interview with Sky News that he had not heard about the offer by Venezuelan President Hugo Chavez, but added: "We have to say thank you ... but we are able and capable enough to solve our issues by our own people ... ourselves. There is no need for any foreign intervention."

"...They are our friends, we respect them, we like them, but they are far away. They have no idea about Libya. Libya is in the Middle East and North Africa. Venezuela is in Central America. We appreciate this." (Writing by Avril Ormsby; Editing by Myra MacDonald)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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