What is Libertas?

Grahnlaw in a comment to another post in this blog:

According to England Expects media attention has brought down the membership of elected representatives of Libertas to less than seven member states (which is the quarter needed for funding), right after the European Parliament decided to approve Libertas' status as a political party at European level.

The quickest transition in EU history?

Have a look to other Euroblogs, I have seen that this story has been covered!