posted on Mar, 21 2013 @ 07:32 AM
. . . and in other news, I thought the Billion or two the US was sending to Egypt was a lot of money. Apparently we're the cheapskate of the bunch on
this one. The EU has us outspent for influence in Egypt at the moment, would be my guess. That may not last forever though, by the sound of this.
The European Union warned Egypt on Wednesday it could lose funds from its 5 billion euro($6.5 billion) aid package if democratic reforms fail to
satisfy Brussels, and said Cairo has already lost some additional funding.
In a report on reforms in Eastern Europe, the Middle East and North Africa, the European Commission said Cairo has shown in sufficient progress since
the 2011 revolt that overthrew President Hosni Mubarak and handed power to the Islamist Muslim Brotherhood movement.
It listed “serious setbacks” in areas such as human rights, and criticized Egypt's President Mohamed Mursi for pushing through constitutional
changes that have plunged the country into “a deeply divisive political crisis”.
I'd say with over 6 billion dollars at stake here, they'll likely make some adjustments as the European Union is asking.
I am rather curious though... How much was it they were looking to rob from bank accounts on Cyprus? Odd thing about that, isn't it? They're so
broke, they must take draconian measures to flat stealing money out of savings accounts ....yet bilions worth of aid to Egypt? Well, at least the US
isn't the only nation with a rather hard to understand set of priorities.
I was starting to feel like we were unusual in being about half insane about foreign policy. Looks like we're about in the average for that