Monday 7 February 2011

Financial Problems for Egypt

The Egyptian government is facing a financial dilemma as investors pull out their capital in response to the ongoing turmoil. After a bond auction today, Egypt failed to raise enough money. In response the Egyptian pound fell in value against the dollar and other currencies.


Source: BBC News

23 comments:

  1. hey, nice blog! i will follow!
    check out mine, too!

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  2. Rough. But that which does not kill you only makes you stronger!

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  3. Hopefully they pull through :/

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  4. Yep, their country is totally on the way to collapse. :/

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  5. you seem to know what your talking about. now make me rich haha

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  6. looks like egypt has a lot of problems right now.

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  7. Shits going down over there. Im in suspense whats going to happen next

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  8. Damn man, Egypt has it rough as of lately.

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  9. I find it humorous that humanitarian crises are always considered in terms of economic loss to the countries involved.

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  10. These problems in egypt are just.. horrible

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  11. I'm sure it'll get better once the government stabilizes. Nice blog.

    +support

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  12. its amazing how the whole Egypt crisis is turning out to be

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  13. Interesting, ever since that damn macroecon class I've been interested in world economics :p

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  14. Changing of the status quo always does cause financial issues. But pain in the short-term might be worth it in the long-term.

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  15. Interesting, though i guess not unexpected considering all the upheaval and such. hope everything over there settles down soon...

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  16. they lost about 100 million $ in this period
    nice blog

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  17. However as a bad as it seems, others misfortune is some peoples fortune. An opportunistic time to invest maybe?

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