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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:
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.
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.
How about we use that 1 billion on our own debt relief.
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!
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!
Wow. No problems with sending humanitarian aid, but debt relief?
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