It’s not as if Egypt is operating under a democratic framework anyway. Two or three more months of un-democracy wouldn’t hurt. The head of the armed forces wouldn’t take the job on an interim basis, but the chatterers say there are a few candidates.
The reason for the rush is the imminent collapse of the economy. Egypt’s situation is far worse than Cyprus, Greece, Italy or Spain. Jiggery-pokery can make the books appear OK. But cash flow downs you in the end. The Central Bank is running on empty.
Morsi has failed to convince anyone he’s a fit person to lend money to. When Iraq and Iran turn you down, you know you’re peddling junk. Egypt’s doesn’t have the EU to bail it out and the IMF can’t. The IMF could lend Egypt enough to stabilise it. But only if a bold programme of economic and social reforms is introduced, which the Muslim Brotherhood can’t get its head around.
IMF money would be linked to other loans and grants, including the EU and the World Bank and probably investment from Saudi and the Gulf.
The economic collapse will entail a dramatic fall in value of the Egyptian pound, a rise in inflation, frequent power outages and petrol shortages, which will lead to strikes and civil disorder on a grand scale.
If everyone sits down to eat at the same time then parties for hours on end, this year’s Ramadan will be in a blackout. Imagine the mayhem.
via Morsi’s end – Daily News Egypt.
Deffinitely my friend May was right, same as my friend Amy… this hateful step had to be a necessary lesson to be learnt by egyptians, and by extension by arabs. The end is near?…. most surely…. and not only for imposing moral constrictions and increasing sectarian divisions (copts are on the verge of exploding and starting their own intifada), but also for dismantleing the spirit of a social revolution that inspired even europeans, silencing political oposition, and, in extent, attempted to distort any possible concept of democracy that egyptians could learn on this post-military rule period.
It’s not over yet, but it’s good that they start saying it openly. It’s symptomatic. Now the question would be… now what? …. apart of restrictions in belly dancing and alcohol consumption?
Salafis had their moment of doubt about placing themselves besides the liberal opposition against the government, but logic has prevailed and they have finally sided with the “moderate beardies”.
Will it be war? Surely not. Different than Lybia or Syria, army in Egypt is waiting for Morsi’s fall, and not preparing to crush the opposition. I’m not saying that they may not consider to achieve power again (in the way of “c’mon, you knew you could not survive without us to save your ignorant asses, now you see?… we were right”)… but somehow, many things have changed. They would have to become new Assads, Ben Alis, Mubaraks, Gaddafis, … of the arab world. And that time is over.
Another good side is that at least all the hidden elements of salafism in Egypt, invisible for years, are now openly at sight. You know who they are and what to expect from them. And for me that’s a good thing. Even when it’s scary to think how will they react if they feel spotted as an easy visible target.
Whatever… Let’s hope that people will not die in vain, that they haven’t been jailed, tortured, beaten, raped, abused, ignored, insulted and signaled for nothing.
Let’s hope that Youssef Basem is right when he says that Revolution is not over yet.
LET’S HOPE THAT ARAB SPRING IS STILL STRUGGLING TO TRIUMPH,
and not as this shitty mock of it, that islamists created everywhere.