Libya Declares Immediate Ceasefire

March 18th, 2011 by Belisarius

Talking about strange twist of events… Markets not buying the story.

Bloomberg: Libya Declares Immediate Ceasefire After UN No-Fly Resolution

Libya said it is ceasing all military action and will start talks with rebels, reacting the day after a United Nations vote cleared the way for strikes against leader Muammar Qaddafi’s regime.

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