Monday, February 7, 2011

Turmoil in Egypt is growing as the days go by and Hosni Mubarich is still in power. As stated by Egyptnews.net

''Efforts by the United States to broker a gradual transition of power have been rejected by the local population. Hundreds of thousands of Egyptians gathered in Tahrir Square in Cairo on Tuesday to demand Mubarak and his government be removed now with one protester holding a banner saying, "U.S.A. it's our decision, not yours."

The United States initially stood by Mr Mubarak, 82, an ally for the past three decades, but then in an apparent shift began hinting he should go. Then in another about-face, the United States backed a plan for newly-installed Vice President Omar Suleiman to assume some of the presidential powers, to play a greater role in implementing reforms, and, with Mr Mubarak, to oversee the election process. Mr Suleiman is believed to be a candidate for president. On Tuesday it emerged from leaked cables that Israel has made known to the United States it would prefer Mr Suleiman to succeed Mr Mubarak.

It also emerged Tuesday that Mr Mubarak and his family have amassed a fortune in his time in public office, with his net worth estimated to be between $40 billion and $70 billion. Most of the funds have been invested in Swiss banks and U.S. real estate raising concerns about the effectiveness of money-laundering laws in both those countries. The news has angered Egypt's 82 million population, the majority of which survive on less than $2 a day.

Meantime Mr Mubarak has been hastily announcing reforms, and pay increases of up to 15% for people on government payrolls, in an effort to curb the public anger. On Tuesday it appeared the tactics were not working as momentum seemed to be building for his immediate ouster.

Anger seemed to be mounting too that Mr Mubarak should be involved in the election process, and an announcement on Tuesday that he was changing Egypt's constitution.

The youth of Egypt appear to be taking a more prominent part in protests with Mr Suleiman on Tuesday saying Mr Mubarak recognized their right to a say in the future of their country. He told protesters they would not be prosecuted and would not be restricted from expressing their views. Many of those turning out on Tuesday were encouraged to do so by messages on Twitter and Facebook which warned that if the momentum was not maintained the Mubarak regime would stay in power and continue to orchestrate Egypt's future."
 

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