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#28
01-10-2013
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Egypt
Before Morsi made his power grab numerous companies were interested in investing in Egypt and large loans were being prepared to help make Egypt's transition to a democratic country. Well, Morsi blew it. Much of the potential investment and loans are now on hold. Egypt has a bloated bureaucracy, high unemployment and it is losing the ability to export oil. If Egypt decends into chaos and Islamist take over, it's likely that the Middle East will come unglued (my opinion) and Israel will be in the middle of a firestorm.
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"Man's capacity for justice makes democracy possible; but man's inclination to injustice makes democracy necessary." R.N. 
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