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Tuesday, September 04, 2012

U.S. Nears Deal For $1 Billion in Egypt Debt Relief: Source


The Obama administration is close to a deal with Egypt's new government for $1 billion in debt relief, a senior U.S. official said on Monday, as Washington seeks to help Cairo shore up its ailing economy in the aftermath of its pro-democracy uprising.

U.S. diplomats and negotiators for Egypt's new Islamist president Mohamed Mursi - who took office in June after the country's first free elections - were working to finalize an agreement, the official said.

Progress on the aid package, which had languished during Egypt's 18 months of political turmoil, appears to reflect a cautious easing of U.S. suspicions about Mursi and a desire to show economic goodwill to help keep the longstanding U.S.-Egyptian partnership from deteriorating further.

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6 comments:

  1. Sure , give em more money , they hate us , but so what.
    They burn our flag , they kill our citizens , they spit on us , but give em mnore money.

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  2. Why are we giving away money that we have borrowed. Makes no sense. If they need money let them go to China to get it. NO MORE FREE HANDOUTS.

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  3. How about we use that 1 billion on our own debt relief.

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  4. We simply don't have the money. Our citizens are suffering from the planned economic implosion, yet our government continues to "give away money" as if we had it!

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  5. We simply don't have the money. Our citizens are suffering from the planned economic implosion, yet our government continues to "give away money" as if we had it!

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  6. Wow. No problems with sending humanitarian aid, but debt relief?

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