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
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23 comments:

  1. Anonymous7 February 2011 at 23:09

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

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  2. afrodude507 February 2011 at 23:13

    sucks for egypt

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  3. Braingeyser7 February 2011 at 23:32

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

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  4. rjimmy7 February 2011 at 23:33

    Hopefully they pull through :/

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  5. AS8 February 2011 at 00:29

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

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  6. xPwNxstar76x8 February 2011 at 01:04

    Ohh this is not good...

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  7. Jeremy8 February 2011 at 01:10

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

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  8. firstvariation8 February 2011 at 01:17

    looks like egypt has a lot of problems right now.

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  9. Crabu8 February 2011 at 01:24

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

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  10. SportsGuyBrandon8 February 2011 at 01:33

    Damn man, Egypt has it rough as of lately.

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  11. Adolph Gingerhorn8 February 2011 at 01:34

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

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  12. Zack8 February 2011 at 01:49

    These problems in egypt are just.. horrible

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  13. PS3 Fnatic8 February 2011 at 02:03

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

    +support

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  14. pv8 February 2011 at 02:28

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

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  15. MyNameIs128 February 2011 at 03:49

    We knew it was coming, guys.

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  16. Frosty8 February 2011 at 03:50

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

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  17. Anonymous8 February 2011 at 04:00

    poor egypt

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  18. CandleintheDark8 February 2011 at 04:09

    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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  19. Michael J8 February 2011 at 04:28

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

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  20. Jadedinutah8 February 2011 at 04:36

    Damn. I hope that changes.

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  21. Forrest Stump8 February 2011 at 10:59

    I'm sad for Egypt :/

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  22. shadi8 February 2011 at 11:51

    they lost about 100 million $ in this period
    nice blog

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  23. Mitch Cann8 February 2011 at 12:45

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

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