France and Libya are finalising details of a deal in which Libya will pay compensation for the bombing of a French airliner in 1989, paving the way for UN sanctions on Tripoli to be lifted. The new agreement comes after France protested that the original settlement four years ago had been dwarfed by the $2.7bn Libya has agreed to pay relatives of the 1998 Lockerbie bombing victims. The accord could end the threatened French veto on lifting United Nations diplomatic and economic sanctions on Libya. “The basis of an accord has been found and in the coming hours we will be finalising the deal… Negotiations are ongoing between the victims families, the French associations and the Gaddafi foundation,” French Foreign Minister, Dominique de Villepin, said. But France has denied Libya’s agreement to pay compensation was directly linked to France dropping its veto of a lifting of sanctions against Libya. Full Story
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