Egypt

The markets in Egypt reacted with sheer joy to the Egyptian Revolution 3.0, with the Egyptian stock market rising 7% and adding billions to the economy. Deposed president Muhammad Morsi was considered a poor steward of the economy, and tourism, electricity and services had deteriorated in the year he was president. But whether the transitional […]

RT has video:

The Egyptian military’s ultimatum to the Muslim Brotherhood President Muhammad Morsi and his left, liberal & centrist political opposition to find a compromise by 4 pm Wednesday Egyptian time was disregarded by both sides, but most spectacularly by Morsi himself. The country was plunged into crisis when some 3 million demonstrators against Morsi came out […]

Egyptian President Muhammad Morsi’s support in his own government began crumbling on Monday. Ten independent members of the Egyptian upper house or senate (Majlis al-Shura) resigned, ahead of 6 cabinet members in the Morsi government (including the minister of foreign affairs, who announced his resignation on Monday). The resignations come in the wake of Sunday’s […]

Egypt is in for a hard week. To take the edge off let’s enjoy Mina Nabil Ramzy’s slide show of nostalgia for Egypt in simpler times, set to the French/Egyptian singer Dalida’s 1979 hit, “Helwa Ya Baladi” (Egypt My Beautiful Country).

My column is out at Truthdig, “How Egypt’s Michelle Bachmann became President and Plunged the country into Chaos”. Excerpt: “Despite Egypt’s sagging economy, Morsi did not make stimulating it his first priority, and instead tried to please the International Monetary Fund with austerity policies, rather on the model of the Mariano Rajoy government in Spain. […]