Sunday, November 25, 2012

Egyptian Bourse falling in response to Morsi's Stance

Sharp divide over Morsi's presidential decree turns into violence

begin quote:

Egyptian Bourse drastically decreased on Sunday, losing almost 4.8 billion U.S. dollars, as investors further lose confidence in the country's stability.
At the closing of trading, the EGX 30 benchmark index plunged by 10 percent to close at 4,917.73 points.

end partial quote from:
Sharp divide over Morsi's presidential decree turns into violence

As businesses and investors flee Egypt because Morsi's stance reminds them of Iran and North Korea, it is possible that a bloody revolution may occur there unless Morsi changes his stance. So, it is likely that the economy there will continue into freefall until there is a government the world nations and businessmen and businesswomen feel they can trust. 

 

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