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Business crisis in Egypt

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Business crisis in Egypt


While the anti-Mubarak protesters have their eye on the political goal, Egypt’s economy is baring the brunt of the turmoil.

In a country where 40 percent of the people live on the equivalent of less than two euros a day, there is a growing desperation to get back to work.

But customers are few and far between, something which some blame on the continuing curfew.

Shop owner Abou el Hassan said:

“They should leave Tahrir Square. People should return to their jobs. Nothing is selling, everything suffers, whether it’s government, public sector of private sector.”

Shop owner Yasmine Mohamed was more adamant:

“They’re saying that they will stay there until the president leaves. The president is not going to leave, he won’t. Does this mean we’re going to close down?”

Other shop owners refuse to open up for fear they will be destroyed by demonstrators or looters.

As attempts are made to clear up some of the damage, it has been estimated that the paralysis resulting from the unrest has been costing the economy an average of 164 million euros every day.

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