Egypt says Tunisia turmoil worrying investors

[Joanne98]

Source: Bloomberg

CAIRO (AP) — An Egyptian government minister is warning that investors are beginning to question Egypt's stability over fears the revolt in Tunisia could spur unrest elsewhere in North Africa and the Middle East.

Minister of Industry and Commerce Rachid Mohammed Rachid told reporters Sunday the situation in Tunisia and its reverberation throughout the region "worries lots of people" and "raises questions about political stability."

Rachid instructed assistants to issue daily statements about new foreign investment to give a reassuring message.

Last week, Egypt's stock market dropped 8 percent. There are plans for demonstrations in Egypt Tuesday to demand political reforms, and organizers say they are drawing inspiration from Tunisia.



Read more: http://www.bloomberg.com/news/2011-01-23/egypt-says-tunisia-turmoil-worrying-investors.html

[xchrom]

1. investors?!?!?! -- why weren't they worried about tin pot dictators before?

sounds like threatening people who have found a voice for themselves and a desire to find self determination -- scary stuff, huh?

[loudsue]

2. That's the point: looks like the fascists are pushing for the old regime

Now that we learn how Blackwater-Xe are involved in these revolutions on the side of the corporate interests that can afford to pay these mercenary armies. It looks like the globe is about to explode in that eternal battle of good vs. evil.

[xchrom]

3. it's looking very interesting -- i'll say that.

but i'll also say -- investors don't know what they want.

[Joanne98]

6. It will be interesting to see if there's a run on the Egyptian stock market tommorrow.

[xchrom]

7. I'm going to be interested in that myself. Nt

[bemildred]

4. Always nice to see despots sitting uneasily on their thrones. nt

[Tempest]

5. And therein lies the problem

These autocratic governments, like Egypt, care more about investors than they do their own people.

The shakeup will be a short term loss for investors, but can have great long term gains if the ruling families are thrown out and replaced with a more democratic government.

[DCKit]

8. I call "Dog Whistle"!!!!

Translation: "We need international intervention to restore a "legitimate" government."

[Odin2005]

9. Who cares about the parasitic Investor Class?

[Catherina]

10. More power to the Egyptian Resistance. Out with the investors. Rec'd n/t