The curious case of Egypt’s economy

/the-curious-case-of-egypts-economy

  • The curious case of Egypt’s economy, par Mahmoud Salem - Daily News Egypt

    http://www.dailynewsegypt.com/2014/01/05/the-curious-case-of-egypts-economy

    Analyse de la situation économique de l’Egypte et des investissements extérieurs par le blogueur Sand Monkey : la continuité rassure les investisseurs.

    For the first time in three years, the whole world knows who is running the show and will continue to run the show in the country, and that’s the Egyptian military. Having an entity in Egypt that operates as the guarantee of the continuing existence of the state- after a year and a half of revolutionaries destabilising it and a year of Muslim Brotherhood rule completely mismanaging it - makes certain businesses and investors comfortable with investing here. Egypt might be a “failed state” at the moment, but there is someone in charge who will continue to be in charge and that’s good enough for some investors .

    Further investments will follow based on the simple formula of “state building”: with every check mark next to a political step (the constitutional referendum, the presidential elections, the parliamentary elections and the formation of the government), more money will pour in. It is unlikely that further protests or clashes will affect the flow of this money this time for a very simple reason: people now expect it from Egypt. The country has such a horrible image world-wide at the moment, that there is literally no place for it to go but up.

    #economie #finances #Fitch #notation #crise #Golfe #Egypte