"Beltway analysts draw the same conclusion: U.S. aid has not bought leverage over Egypt. Their argument is that cutting aid is futile and actually detracts from U.S. interests. It's quite a tautology. Since American assistance doesn't buy leverage, Washington should keep the aid flowing. If we agree that American assistance doesn't do much, then why continue it?"
"Weapon systems, just like cars, are bought on credit. Most countries receiving [Foreign Military Funding] aid are required to show they have the funds to cover the full cost of the order, and the value of their orders cannot exceed the credit extended by the US. But Egypt was offered a credit arrangement more generous than most."
"It seems now that [Egypt's] main relevance in regional and global affairs is as a potential source of trouble. Its combination of instability, corruption and ineptitude makes Egypt fertile soil for radicalism and Islamist militancy. And Washington should treat it as such. It should stop pretending Egypt is an important player in Arab affairs, and pay more attention to countries that are."
Les Gelb writes, "the Obama team, on a private basis, has to help the military and the moderates frame a viable plan and process for establishing democracy in Egypt, and start implementing it as soon as possible."
The promise of a democratic Egypt faces its starkest challenge yet as a military crackdown on Islamist protestors threatens to unhinge the transition process. This Issue Guide provides background and analysis.
Steven Cook presents a revisionist account of Egypt's uprising and argues that a robust regime change has actually never taken place, as solidified by the recent repression of Muslim Brotherhood opposition forces.
As Egypt's political crisis deepens, its economy has been stabilized by a cash infusion from the oil-rich Persian Gulf. Economist Farouk Soussa outlines the limited options facing Egypt's interim government.
"The United States government announced last week that it would not, after all, make a determination as to whether the ouster of Egypt's Mohamed Morsi constituted a 'coup.' This decision has both important strategic and financial implications for the United States. By not designating Morsi's expulsion as a military coup, U.S. law allows the United States to continue its $1.5 billion in annual aid to Egypt. This second largest foreign aid package, after Israel, is tied to the Egypt-Israel peace treaty and also contributes to the annual budgets of major American defense companies."
"Islamist parties associated with the Muslim Brotherhood in the region reacted with condemnation and consternation to the ouster of President Mohamed Morsi in Egypt. But, they were mostly careful to disassociate themselves from the Egyptian Brotherhood's uncompromising style of leadership (rushing in a new Islamist constitution and monopolizing power around Mohamed Morsi)."
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