state television station has been ransacked. cnn can t independently verify this as libya has banned foreign journalists. at least 233 people have been killed in the uprising. the son of the libyan leader moammar gadhafi went on television overnight and warned the turmoil could destroy the society and the economy. so we will have civil war. we will lose all the infrastructure. we will have no food, and in addition, you now have companies in libya who are executing projects worth $200 billion, they will all leave. who will come back to libya and rebuild libya? all these properties being built will be destroyed. hospitals will be closed.
your proximity to the seat of power of the president could translate into money, influence, whatever. and so there were many people who for one reason or another were either close friends of mubarak himself or his son or close relatives, relatives of his wife who all profited in one way or another from their proximity to the center of power. what is clear is that corruption under mubarak was indemic. zero being the most corrupt, 10 being the least. for 30 years, egyptian government did precious little to crack down on corruption says transparency international s omnia. of course, they had their own independence issues, okay. they had their own resource
the world s top finance ministers agree on an early warning system that could detect another economic crisis, but is it enough? and the political standoff in ivory coast is putting more pressure on the country s banks. we ll find out how they re coping as union leaders search for solutions. well, we start with the story that is dominating discourse all the way around the world, including on financial markets, and that is libya. the country is bracing itself for a seventh day of protests fueled by high unemployment and dissatisfaction above all with its long time leader moammar qadhafi. sporadic gunfire is reported across the nation. hospital sources tell cnn that more than 200 people have been killed in clashes with security forces. the protests spread on sunday.
risk premium. where do we go from here? how does this spread? that s indeed the question. first of all, we ve already seen unrest in iran, which is producing, what? 4% of production. that must be a significant bigger worry than libya. well, i think for the oil market certainly libya markets the second phase of this unrest. if it moves into countries such as kuwait, saudi arabia, iran, then we re into a much more significant phase of all markets and looking at a risk premium as to where oil could go because of that unrest. we heard from the son of moammar gadhafi in his speech yesterday talking about how foreign companies would desert libya. is that right? well, i think it s too early to say really at the moment. it really depends on how the situation evolves and the degree in which we see government crackdowns, the degree in which
the world s top finance ministers agree on an early warning system that could detect another economic crisis, but is it enough? and the political standoff in ivory coast is putting more pressure on the country s banks. we ll find out how they re coping as union leaders search for solutions. well, we start with the story that is dominating discourse all the way around the world, including on financial markets, and that is libya. the country is bracing itself for a seventh day of protests fueled by high unemployment and dissatisfaction above all with its long time leader moammar qadhafi. sporadic gunfire is reported across the nation. hospital sources tell cnn that more than 200 people have been killed in clashes with security forces. the protests spread on sunday. witnesses say demonstrators are already in control of the second largest city. meanwhile qadhafi s son appeared on tv sunday and warned of dire consequences for the libyan people. reporter: after days of killin