Front against the Zionist West

The leaders of Libya and Venezuela have called on Africa and South America to create a new alliance to counter Western dominance.They were speaking at the second South America-Africa (ASA) summit held in the Venezuelan island of Margarita, attended by nearly 30 leaders.

Venezuela's Hugo Chavez called on the two continents to unite to secure prosperity for future generations.

Libya's Muammar Gaddafi said he was in favour of a military-style pact.

The summit agenda covers hunger in Africa, the global economic crisis, energy, and the creation of a joint investment fund between Africa and South America.

The leaders agreed to launch a new development bank for South America, the Banco del Sur, with an initial start up investment of $20bn. More

South American countries create Bank of the South, a development bank independent of Zionist Rothschild's IMF and World Bank.