The Chairman of the Libyan Arab Foreign Bank, Mr. Abdullah Saudi, held a news conference?
SV INTERIOR Abdul Saudi sitting at head of table surrounded by newsmen
SV Cameraman filming
CU Mr. Saudi speaking
SAUDI: "I have tried t follow up what has been written about this deal and you will allow me if I say that I have not seen two very important facts that the Press should really consider in evaluating this transaction. One of them is how important this deal for Italy as far as immediate injection for the economy and that is the Balance of Payments, when the, an amount of over 400 million dollars will be brought into the economy. rally one which is more important to my thinking is the establishment of free confidence, in the Italian economy and Italian industry. We thought that this transaction will be just a start of telling people that those who know the Italian economy that still have confidence in the economy."
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Background: The Chairman of the Libyan Arab Foreign Bank, Mr. Abdullah Saudi, held a news conference in Rome on Wednesday (8 December) to discuss Libya's 415 million dollar (U.S.) investment in the Fiat motor company.
SYNOPSIS: Mr. Saudi told reporters there were two important aspects of the deal to be considered. He said it wold benefit Italy's balance of payments and demonstrate confidence in Italian industry and economy.