Monday, July 18, 2011

Egypt Embraces Oil Monarchs, Dubiously

By Cam McGrath

"CAIRO, Jul 18, 2011 (IPS) - With the nation's economy in tatters from the uprising that ousted its dictator of 30 years, Egypt's transitional government has turned its back on the Western lending institutions that once propped the Mubarak regime. But its decision to accept the massive aid packages dangled by the oil-rich Arab Gulf states has raised suspicions about their intentions, as well as its own.....

Disillusioned activists who participated in the 18-day uprising that led to Mubarak's ouster see the ruling Supreme Council of the Armed Forces (SCAF) as an obstacle to change. Some charge that the military, headed by long-time Mubarak ally Field Marshal Hussein Tantawi, is corrupt and unwilling to implement reforms, making just enough concessions to mitigate the wrath of protesters......"

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