The economic, social, and political situation in Egypt is getting worse. Due to the security situation, civilians are buying weapons and hiring militias to protect themselves.
Confrontations between Islamists and Copts, as well as Islamists and seculars, are increasing. The ruling Military Council is not coping with the many challenges, and there are voices claiming that Egypt is on the verge of a civil war.During the first quarter of the year, the Egyptian economy shrunk by 7 percent. Mohamed ElBaradei, the former director of the International Atomic Energy Agency and candidate for the Egyptian presidency, recently told CNN that “Egypt is disintegrating socially; economically we are not in the best state. Politically it’s like a black hole. We do not know where we are heading.”
The International Monetary Fund (IMF), Saudi Arabia, and the United States have all promised financial support for Egypt. However, this assistance won’t be able to solve the structural problems of the Egyptian economy, which is based on agriculture and tourism, and lacks any serious industrial or high-tech component. Under current circumstances, further deterioration of the socio-economic situation can be expected, which no doubt will benefit the extremist elements, primarily the Muslim Brotherhood.
Read the rest on: the Jerusalem Center for Public Affairs
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