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Opposition leader Mohamed ElBaradei has been named interim prime minister in Egypt. On watch...

Opposition leader Mohamed ElBaradei has been named interim prime minister in Egypt. On watch again in the coming week is the Egypt ETF (EGPT), as investors keep a close eye on the post-coup turmoil. Updated 5:45 p.m.: Egypt's president's office denies reports that ElBaradei has been named PM, according to AP.
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Comments (3)
  • Anwar Bhamla
    , contributor
    Comments (98) | Send Message
    So El Baradei lost the elections but now with his US and Israeli sponsors support can become the Prime Minister with a gun pointing at the head of the elected government representatives.


    Democracy for All!
    6 Jul 2013, 06:12 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2680) | Send Message
    I didn't notice any US or Israeli involvement... It appeared to be all in-house stuff, and if anything, foreign powers butted out and let them sort out their own messes.
    6 Jul 2013, 08:00 PM Reply Like
  • bob adamson
    , contributor
    Comments (4562) | Send Message
    Arguably John is correct – this is a domestic planned and directed coup about which, at best, the US had little enthusiasm (and probably urged that coup not proceed) – but the very complex, contradictory and ambiguous nature of the circumstances in which the coup occurred establishes the foundation (i.e. It’s a veritable Rorschach Blot upon the face of which anyone can project their personal fears, hopes and prejudices) for Anwar’s misplaced assumption that the US and Israel sponsored the coup.


    A good case can be made that, not foreign pressure, but rather the dire circumstances, dim prospects and lack of viable alternatives to avoid pending economic and social chaos (coupled with a desire within the Egyptian Army senior officer corps to preserve their economic and social perquisites) led the generals, with real reluctance, to the conclusion that they must seize power. It therefore remains to be seen over the next 12 or so months whether reformist and democratic elements within Egypt can form a coherent alliance capable of establishing a stable government with sufficient support or acquiescence amongst the urban and rural poor to govern Egypt.
    7 Jul 2013, 02:22 AM Reply Like
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