15‏/2‏/2011

Egypt calls for aid as instability lingers


Egypt on Tuesday called for international support to speed its recovery after its military rulers urged an end to labour strikes that have erupted since the overthrow of president Hosni Mubarak.The worker protests that had gripped the country abated on Tuesday as it observed a religious holiday, but they threatened to flare again as Egyptians used their newly-won freedom to press for higher wages and better conditions.Foreign Minister Ahmed Abul Gheit said the economy had been "severely affected by the political crisis that has shaken the country" and called for international aid after phoning his US, British and Saudi
counterparts.Gheit's remarks came as EU finance ministers were to meet to discuss requests from Cairo to freeze the assets of members of Mubarak's toppled regime following widespread allegations of corruption during his 30-year reign.Egypt has launched graft investigations and slapped travel bans on several former ministers, including sacked prime minister Ahmed Nazif and the hated former head of the feared police, interior minister Habib al-Adly.The military junta which assumed power following Mubarak's resignation on Friday has largely dissolved his regime and promised democratic elections in six months while in the meantime urging calm on Egypt's streets."Honourable citizens can see that protests at this critical time will have a negative effect in harming the security of the country," the Supreme Council of the Armed Forces announced Monday, though it stopped short of an outright ban.The 18-day popular uprising that toppled Mubarak had splintered into pay strikes by workers in the banking, transport, health care, oil, tourism and textiles sectors, as well as state-owned media and government bodies.The strikes -- many of which were aimed at removing corrupt union leaders tied to Mubarak -- came to a halt the following day as Egypt marked the birth of the Prophet Mohammed, a Muslim holiday.The strikes have prompted the stock exchange to once again postpone reopening until next week, further clouding the economic outlook after the uprising dealt a major blow to tourism and other vital industries.At the height of the revolt Egypt was haemorrhaging more than $300 million a day, according to a report earlier this month from Credit Agricole, which lowered a growth forecast for 2011 from 5.3 percent to 3.7 percent.The military council has dissolved parliament and suspended the constitution that underpinned Mubarak's autocratic rule and strongly favoured his National Democratic Party (NDP)The dissolved parliament was seen as illegitimate after elections last year, marred by allegations of fraud, gave the NDP an overwhelming majority.The protesters also called for the lifting of a 20-year-old emergency law that allowed Mubarak's regime to detain suspects indefinitely without formal charges, a call backed by the United States."One of the demands which we have supported for a long time is to lift the emergency decree," US Secretary of State Hillary Clinton said Monday."There has been an announcement that will be done and we hope that it will be," she added, in an interview with Al-Jazeera television.Egypt's protest movement, inspired by the Tunisian uprising, has in turn triggered anti-government demonstrations around the Middle East, from Algeria to Iran and Yemen.

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