AFROL NEWS
The below-25 year population amounts to 47 percent. Unemployment rates in Libya are estimated to be even higher than in Egypt. As in other Arab countries, unemployed youth find it nearly impossible to establish a family and day-to-day life is a perpetual frustration.
Adding to the problems is a growing housing crisis, to some degree made more frustrating by the expropriations and large property development schemes in favour of Mr Ghaddafi’s cronies or tourism industry investors.
Not surprisingly, the first signs of unrest in Libya came as citizens recently occupied several hundred homes that were still under construction, also looting the offices of foreign contractors who are building them. It seemed the spark that could have ignited a popular rising, but government was quick to react.
Authorities announced a significant reduction of customsfees and taxes for basic food items, reversing recent price rises that had affected the poor and middle classes. Also, a US$ 24 billion fund was announced, which is to invest in social housing and local community development.
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