26/12/12 12:25 CET
| updated xx mn ago
| updated at xx
Egyptian President Mohamed Mursi has signed into law a new Islamist-drafted constitution.
He says it will help to end political turmoil and allow him to focus on the economy.
Anxiety about the deepening economic crisis has gripped Egypt recently and the government has imposed restrictions to reduce capital flight. Leaving or entering Egypt with more than 10,000 US dollars (7,570 euros) is now banned.
The constitution was voted for in a referendum by 63.8 percent but some Egyptians remain against it:
“They say that the ‘yes’ vote will lead to investment. On the contrary, every decision taken so far has led to our credit rating being downgraded,” said Cairo resident Samweel Girgis.
But another resident Samir Hamed is in favour of the new legislation:
“The yes vote will certainly lead to stability. We will build a state that can stand on its four cornerstones; a Parliament, an Upper House, a Presidency, and a Constitution.
“We can now begin to move forward and investment can begin to come into Egypt. What more do people want?”
President Mursi hopes the constitution will bring an end to street protests that he says have prevented a return to normality and distracted the government from being able to focus on the economy.
- 1Syria ceasefire more likely to fail than succeed, says Russian FM
- 2Oh là là – does French ruling mean more nude pictures on Facebook?
- 3Catholic and Russian Orthodox leaders end 1000-year standoff
- 4Assad comes out fighting and says will take back “whole country” in interview
- 5Threat of deportation of baby girl to offshore migrant centre sparks Brisbane protest
- 1Oh là là – does French ruling mean more nude pictures on Facebook?
- 2Assad comes out fighting and says will take back “whole country” in interview
- 3‘It’s just not true’ – Russia rejects claims that it’s bombing civilians in Syria
- 4Catholic and Russian Orthodox leaders end 1000-year standoff
- 5Gravitational waves offer ‘a new window on the Universe’
- 1Japanese volcano erupts on nuclear power station island
- 2‘Human error responsible’ for deadly Bad Aibling train crash – sources
- 3Leopard enters Indian school, mauls six people
- 4One of world’s biggest container ships stranded on German river
- 5Einstein was right! Scientists confirm that gravitational waves exist
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Partnering to grow Europe
- 4Madrid to appeal Catalan road to independence from Spain
- 5Hope vs harsh reality: challenges to global education goals in the 21st century
- 6Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 7Moldova: protesters storm Parliament
- 8Extras : euronews : the latest international news as video on demand
- 9Norway sends Syrian refugees back to Russia
- 10‘National’ funeral for Celine Dion’s husband ‘over the top’
- 11Merroussis clinches the 33rd Athens Authentic Marathon
- 12International breaking news | euronews online world breaking news in video
- 13Jorge Lorenzo clinches his third MotoGP title in Valencia
- 14Benzema questioned in French sex tape case
- 15latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 16Special Reports : euronews : the latest international news as video on demand
- 17world Weather | euronews: world ten day weather forecast
- 18French language revolution in France
- 192015 | archives : euronews
- 20Paris: “I would rather see my brother in prison than in a cemetery”
Latest world news
Syria ceasefire more likely to fail than succeed, says Russian FM
Threat of deportation of baby girl to offshore migrant centre sparks Brisbane protest
Greek farmers camp outside parliament to protest tax reforms
Taiwan quake: rescue efforts over at site of toppled apartment block
Syria seizes village overlooking key rebel areas near Aleppo
Wires > News
- 06:09 CET New Zealand’s Christchurch rocked by 5.7 magnitude quake, cliffs…
- 04:45 CET U.S. Justice Scalia, conservative icon, dead at 79
- 04:40 CET U.S. Justice Scalia – outspoken conservative stalwart
- 02:07 CET Turkey strikes Kurdish militia in Syria, demands it withdraw
- 02:04 CET Ethnic rebels’ show of force highlights Suu Kyi’s peace challenge
- 01:10 CET Central Africans head to polls to vote for peace
- 23:50 CET Chad appoints new prime minister two months before election
- 23:08 CET A polarizing force, Haiti’s former soldiers return to streets