Green Energy
Egypt needs about $20 billion a year in external subsidies; a smaller amount would forestall the worst effects of the economic crisis. With $630 billion in foreign exchange reserves, Saudi Arabia is the only Arab country with the resources to give Egypt help on the scale it requires. But the Saudis will not subsidize their own prospective executioners. The Muslim Brotherhood is a modern totalitarian political party; next to the Saudi royal family, it looks like a meritocracy. For ambitious Saudis not born into the ruling family, it offers an attractive alternative.
GO READ THE WHOLE THING.
- Russia Taking Advantage Of Egyptian Turmoil And Obama's Tacit Support For The Muslim Brotherhood - Just As Astute Bloggers (reliapundit) Predicted
From Reliapundit at the Astute Bloggers: EXCLUSIVE REPORT: EGYPT SENDING DIPLOMATIC MISSION TO RUSSIA by MIKE FLYNN 16 Aug 2013 As the situation in Egypt escalates, a source with very close ties to the Egyptian government tells Breitbart...
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Egypt's Military Leader Col. Gen. Abdel-Fattah el-Sissi not taking calls from Obama and Hagel From Will at THE OTHER NEWS: Egypt's strongman Col. Gen. Abdel-Fattah el-Sissi not taking calls from Obama and Hagel.HT:IsraelMatzav. A column in Israel...
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Egypt: “Obama Out, Putin In”, “Bye Bye America”Obama personally denied the Egyptian military F-16s that were supposed to be shipped as part of an aid package to Egypt. So the Egyptian military and people are indicating that if Obama...
- Muslim Brotherhood Demands Treaty Be Kept
From this source:US aid to Egypt is guaranteed by the Camp David Accords, and stopping it would be a violation of that treaty, a high-ranking Muslim Brotherhood lawmaker said Sunday. Essam El-Erian, who also serves as chairman of the Egyptian parliament’s...
- Us Army War College:neither The White House Nor Congress Would Support Aid To An Egyptian Regime Controlled By Brotherhood
Actually I believe that the White House WOULD support continued aid to Egypt to continue ‘influence’ through ‘dialog’. After all a complete break in *this level of cooperation with Egypt would be regarded as a major american loss and setback,...
Green Energy
Egypt: What? Whence? Whither?
The overthrow of Morsi in Egypt is bad news for the Muslim Brotherhood. But is it good news for anyone? Austin Baynotes that the Egyptian military is now obviously on top. But he is unsure whether it will revert to its old Nasserite ways or become more inclusive. David Goldman (Spengler) endorses Austin’s view that the army is back in the cards and adds that some Islamists will come up on top to displace the Muslim Brotherhood, whom the Saudis despised.
The reason the Saudi-backed boys will get a seat at the table is simple. Only the kingdom has the money to save Egypt from imminent starvation. The Egyptian military can hardly turn to Obama. Spengler notes, “Obama is all talk and no money … the administration cannot squeeze meaningful sums out of Congress for Egyptian aid. The only prospective rescuer with deep enough pockets to keep Egypt from disintegrating is Saudi Arabia.”
He’s all turban and no camels. Spengler writes of the military:
There is only one reason the military might do a better job than the Muslim Brotherhood or the liberal opposition, and that is because Saudi Arabia and other Gulf states (besides tiny Qatar) might decide to provide funding for a military regime that suppressed the Muslim Brotherhood, which the Saudi regime rightly fears as a competitor to its medieval form of monarchy. That is why Saudi aid to Egypt has been insignificant, while tiny Qatar has committed $5 billion–nearly a fifth of its total foreign exchange reserves–to keep Egypt afloat during the past year.
Egypt needs about $20 billion a year in external subsidies; a smaller amount would forestall the worst effects of the economic crisis. With $630 billion in foreign exchange reserves, Saudi Arabia is the only Arab country with the resources to give Egypt help on the scale it requires. But the Saudis will not subsidize their own prospective executioners. The Muslim Brotherhood is a modern totalitarian political party; next to the Saudi royal family, it looks like a meritocracy. For ambitious Saudis not born into the ruling family, it offers an attractive alternative.
GO READ THE WHOLE THING.
- Russia Taking Advantage Of Egyptian Turmoil And Obama's Tacit Support For The Muslim Brotherhood - Just As Astute Bloggers (reliapundit) Predicted
From Reliapundit at the Astute Bloggers: EXCLUSIVE REPORT: EGYPT SENDING DIPLOMATIC MISSION TO RUSSIA by MIKE FLYNN 16 Aug 2013 As the situation in Egypt escalates, a source with very close ties to the Egyptian government tells Breitbart...
-
Egypt's Military Leader Col. Gen. Abdel-Fattah el-Sissi not taking calls from Obama and Hagel From Will at THE OTHER NEWS: Egypt's strongman Col. Gen. Abdel-Fattah el-Sissi not taking calls from Obama and Hagel.HT:IsraelMatzav. A column in Israel...
-
Egypt: “Obama Out, Putin In”, “Bye Bye America”Obama personally denied the Egyptian military F-16s that were supposed to be shipped as part of an aid package to Egypt. So the Egyptian military and people are indicating that if Obama...
- Muslim Brotherhood Demands Treaty Be Kept
From this source:US aid to Egypt is guaranteed by the Camp David Accords, and stopping it would be a violation of that treaty, a high-ranking Muslim Brotherhood lawmaker said Sunday. Essam El-Erian, who also serves as chairman of the Egyptian parliament’s...
- Us Army War College:neither The White House Nor Congress Would Support Aid To An Egyptian Regime Controlled By Brotherhood
Actually I believe that the White House WOULD support continued aid to Egypt to continue ‘influence’ through ‘dialog’. After all a complete break in *this level of cooperation with Egypt would be regarded as a major american loss and setback,...