Jul

1

 The military's ultimatum to Morsi seems destined to set off the powder keg now known as Egypt. At first, I thought this strange, since Morsi was threatening to go to war with Ethiopia. That's means going through Sudan and South Sudan (two countries not world renowned for their ability to co-operate with one another). But if the military, with its hands deep in the economic cookie jar, feels it's losing money with Morsi in office, it would likely move to oust him.

Egypt sent heavy armor to the Sinai-Gaza border and since I doubt that the tank crews are going to sunbathe in the summer sun, I'm concerned about their presence. Add in that Morsi has essentially destroyed the summer tourism season (or what little of it there was) with his appointment of a strict Islamist as governor of Luxor, and one senses that Egypt is in a pretty unstable state.

Did I mention that the country has only 4-5 months of foreign reserves available to purchase food and just about every other commodity needed (of which there are a lot)? Maybe that situation is forcing the military's hand.


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