Monday 23 May 2011

Egypt Is ‘Disintegrating’ as Tourism Drop Cripples Economy, ElBaradei Says - Bloomberg

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 today. “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.”

ElBaradei said many Egyptians don’t feel secure as the country struggles to create a new government after former president Hosni Mubarak was forced from power by protests earlier this year.

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