"The fall of President Mohamed Morsi this week has been greeted with a sense of catharsis and cautious excitement by millions of middle class Egyptians who had grown weary of his polarising and incompetent rule. Investors also appear to have taken heart, driving up the beleaguered Egyptian stock market by 6 per cent in response to Morsi’s departure.
However, Egypt is in a deeply precarious position, politically and economically, and the prospects for improvement are bleak. In many ways, the challenges today are greater than those that faced the country after the ouster of Hosni Mubarak just two and a half years ago.
When the military sacked Mubarak, Egypt emerged from authoritarian rule in need of two things: political consensus and wise leaders. Both were essential to guide the country’s first uncertain steps towards a stable, democratic political culture. It got neither."
'via Blog this'
No comments:
Post a Comment