Italian company pays $2m to encourage piracy
Want to stop piracy? Stopping paying people millions of dollars when they do it.
My favorite part of the story was this:Pirate attacks, fuelled by large ransoms, have continued almost unabated despite the presence of an armada of foreign warships patrolling the Indian Ocean and Gulf of Aden. "We got a $US2 million ransom for the release of the British-owned ship," pirate Mohamed Saleh, from the Somali coastal village of Eyl, told Reuters on Sunday. "A helicopter brought the money." Its Italian operator paid the ransom.
Analysts say the only way to stop bandits on the high seas is to resolve Somalia's political crisis on land where pirates profit from lawlessness as Islamist-led rebels fight government troops and African Union peacekeepers.I'd sure like to know which "analysts" think this ... my own analysis is that the best way to stop bandits on the high seas is to hang the pirates and pay prize money for their ships.
