New Clashes in Cairo: Is Flailing Economy a Threat to Democracy?
Activists organized the second mass movement that the North African nation has seen since the protests that overthrew 30-year President Hosni Mubarak in order to address allegations that Field Marshal Mohammed Hussein Tantawi is delaying legal action against members of the former Mubarak administration.
Some analysts believe that while issues like democracy and accountability are in the fore, there are economic imperatives behind the escalating unrest in
Expressing that strong economies are a necessary basis for the successful democratization of the post-Jasmine Revolution Arab world, Abrams cited an example from a similar situation, on the other side of the Atlantic.
"Latin America's Spring or turn from military juntas to democracy failed where people concluded it had brought them no economic improvement," he said.
Some of the protestors at the rally, which started Tuesday, chanted, "Down with the military junta," reported Voice of America , according to a report published by the Institute of International Finance (IIF) in Washington D.C.. That will undoubtedly frustrate the 14.5 percent of Tunisians whom the Institute predicts will face unemployment this year, a 1.5 percent increase from 2010 under the more stable -- albeit repressive -- Ben Ali regime.
And it was partially true what "they say"-- Tunisia is partially in ruins after factories and other infrastructural foundations for production and the introduction of foreign direct investment (FDI) were burned to the ground in the Tunisian people's fight against autocracy.
In Egypt, the Arab world's second revolutionary trailblazer, the situation is much worse.
Just under 12 percent of the population is unemployed (an almost 2 percent rise from the previous year under ousted Egyptian dictator Mubarak), and the Arab Republic's real GDP is expected to decline by nearly double the amount of Tunisia's, with the budget deficit amounting to nearly 10 percent of GDP.
In the ultimate Catch-22, Tunisia and Egypt will need to establish good government and anti-corruption measures, in order to attract foreign direct investment -- in order to secure the growth of good government.
The IIF's Deputy Director of the Africa and Middle East Department, Garbis Iradian, has more faith that Tunisia will bounce back faster than Egypt, the most populous nation in the Arab world.
"I think I am more hopeful for Tunisia to put things in place," Iradian said, "The population in Tunisia is more homogenous. In Egypt you have so many different groups of people to bring together.
Packages To Egypt - News
But for countries like Tunisia and Egypt, without any oil to act as a lifesaver to their sinking economies, there are a series of international aid packages headed their way from countries like the United States, hoping that the money will stabilize
following Egypt's decision to spurn a loan offer from the International Monetary Fund (IMF). The Arab NGO network for Development said liberalisation of trade, investment and deregulation advocated by the US and the EU as part of their aid packages
Thailand is the host this year of the event that showcases Egypt as an ideal travel destination, highlighting the facilities, and packages provided by Egypt Air and hotel industry in the country in order to attract the tourist traffic.
Head down the shore to Wall Stadium for some great asphalt racing action, along with reduced admission packages and give-aways. Meanwhile, at New Egypt Speedway you can witness some of the best dirt drivers on the East Coast battle it out,
"The assumption was made by the market in May that the government's success in obtaining international and bilateral aid packages would improve the fiscal outlook, which was reflected positively on banking stocks," said Dubai-based Ryan Ayache,
RT : , 7nts HB @ 5* Crowne Plaza from £649pp to £349pp inc.trans,Dept Gatwick 13 July 
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