• December 22, 2025
  • libyawire
  • 0

Libyan businessman Housni Bey confirmed that the country is capable of overcoming its economic crisis and taking the necessary measures to save it from the specter of bankruptcy, provided that past mistakes which contributed to the worsening situation are not repeated.

In his statements, Housni Bey criticized pessimistic voices talking about an imminent economic collapse, stressing that Libya, despite the structural problems and financial complexities it faces, “may stumble but it will not go bankrupt.” He added that positive change is possible within a short period if there is the will and proper management.

Housni Bey raised the slogan “Libya stumbles but does not go bankrupt” to reflect his optimistic vision, confirming that the current crises can be overcome through serious economic reforms and by avoiding the same mistakes that previously hindered the development path.

Libya

Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ruins of Leptis Magna, which testify to its significant historical legacy.

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