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.
Copyright © 2014 euronewsMore about:
- 1Israel: Hamas praises Jerusalem attack which killed baby girl
- 2Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 3Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 4Police search for possible suspects following attack on Canada’s parliament
- 5Intruder sparks lockdown at the White House
- 1Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 2Canada raises its terror threat following attack on soldiers
- 3Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 4Another battle for Ukraine as winter approaches amid gas row
- 5‘Criminal negligence’ blamed for death of Total boss Christophe de Margerie
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Sweden becomes first European nation to recognise Palestine | euronews, world news
- 7Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 8How nasheeds became the soundtrack of jihad | euronews, world news
- 9International tv news | euronews: European and International tv news bulletin
- 10Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 11European Union News | euronews: latest breaking news and headlines about European Union
- 12Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 13Iceland volcano ‘pollutes Paris’ | euronews, world news
- 14Ebola: Six new suspected cases in Spain | euronews, world news
- 15Learning through “serious games” | euronews, learning world
- 16euronews speaks to Ban Ki-moon ahead of key UN and climate change talks | euronews, the global conversation
- 17All you need to know about the Ebola virus | euronews, world news
- 18US delivers technical aid to Ukraine but warns over security | euronews, world news
- 19euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 20Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
Wires > News
- 20:58 CET Suspected Boko Haram fighters kidnap 25 girls in northeast Nigeria
- 20:24 CET Cash aid for refugees succeeds despite donors’ doubts
- 20:19 CET Canada’s Harper vows tighter security after Parliament attack
- 20:13 CET Analysis – Economic bounce, tough campaign point to Rousseff win…
- 20:04 CET U.N. rights watchdog calls for open elections in Hong Kong
- 20:00 CET Ukrainian PM warns Russia may try to disrupt Sunday’s election
- 19:58 CET Zimbabwe’s first lady says Mugabe’s deputy should resign
- 19:17 CET EU leaders divided over costs as climate deal talks start in…