Quote:
Originally Posted by Feuer Frei!
One of the generals running the country presented a picture of his country's economy that made me think, "What in the World?"
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That's the most important sentence of that article.
Mubarak may have resigned, and they got rid of a lot of corrupt politicians, but the army traditionaly has a lot of power in Egypt. Now they are not nearly as oppressive as in Libya for example, but they do have a very large amount of power and influence. Of course this general likes to exaggerate the economic damage to end the unrest and get people to go back to their jobs before they start addressing the role of the military in Egyptian politics.
Of course this revolution has had adverse economic influence, but it's not nearly as bad as the situation Greece for example is in..
I suspect as CCIP said tourism will bounce back shortly.