Thursday, June 02, 2011

American "aid" to Egypt: the strings that are attached

"The gas deal has been an integral part of the two countries’ relations and has been supported by Washington. President Obama recently offered Egypt $1 billion in loan guarantees and $1 billion in debt relief on the condition that it meets its commitments. The United States has told Egypt that its security obligations in the northern Sinai are among its commitments, an American official said."