Sunday, May 22, 2011

Egypt "disintegrating"

How's that Arab Spring going? From J-Post:
Egypt is disintegrating socially and its economy “is bust,” said Mohamed ElBaradei, the former director of the International Atomic Energy Agency and possible candidate for the Egyptian presidency.

“Right now, socially, we are disintegrating,” ElBaradei said on CNN’s “Fareed Zakaria GPS,” scheduled to air Sunday. “Economically we are not in the best state. Politically it’s -- it’s like a black hole. We do not know where we are heading.” [...]

He also expressed concern about the influence of the Islamic group the Muslim Brotherhood, which has had longer to organize than other nascent political contenders. ElBaradei said the election may slip to next year given the uncertainty. [...]

ElBaradei said the Egyptian economy is suffering from no investment, inflation, a budget deficit and lack of tourism. He urged more outside investment in the country to spur an economic recovery. [...]

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