Libyan leader Moammar Gadhafi is willing to hold elections and step down if he loses, his son said June 16, Reuters reported. The poll could be held between three months away and the end of 2011, with international observers present, Gadhafi's son Seif al-Islam said in an interview with Corriere della Sera. If he lost, Gadhafi would not go into exile, the son said, adding that he believed the majority of Libyans back his father and view the rebels as fanatics with ties to militants from abroad.