Qatar says no more financial aid to Egypt for now, will Turkey or Obama come to Morsi's rescue?(Reuters). Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday.
"We already announced $5 billion," Kamal told Reuters, when asked how much aid Qatar had provided Egypt to date.
Asked whether Qatar expected to provide more, he replied: "Not yet." He did not elaborate.
A $4.8 billion grant from the IMF could stanch the bleeding, but it requires Egypt to accept austerity measures. Austerity remains deeply unpopular with most Egyptians, and politicians are reluctant to risk losing support among constituents.
With the IMF loan in limbo and Qatar now unwilling to help out, Egypt may be at the mercy of the White House, Turkey.....or IRAN!Hmmmm.....Starving people make weird choices. Read the full story here.
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