700 migrants feared dead in Mediterranean shipwreck
Monday, April 20, 2015
A major rescue operation is under way in the Mediterranean after as many as 700 migrants are feared to have drowned just outside Libyan waters, in what could prove to be the worst disaster yet involving migrants being smuggled to Europe.
Italian coastguards have retrieved 28 survivors so far and about 20 bodies, according to the interior ministry, after the boat went down overnight about 60 miles (96km) off the Libyan coast and 120 miles (193km) south of the Italian island of Lampedusa.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...