Thursday, 19 April 2012
Egypt: Muslim Brotherhood challenges the military
Whatever happens in the presidential elections, the new president will have two enormous issues to deal with. The first is political. He will have to drive a path between a parliament dominated by the Islamists - the Freedom and Justice Party (FJP) and al-Nour - and the military, which, though it has promised to withdraw from day to day running of the country, will still remain the final arbiter of political life.
The second main challenge will be the economy. The state finances are a mess. Foreign currency earnings have not picked up; tourists are put off by continuing instability. The government's response is to spend rather than to rein in spending. Whoever comes to power will be forced to impose very difficult austerity measures.
For more news and expert analysis about Egypt, please see Egypt Politics & Security.
© 2012 Menas Associates