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:
- 1Caught on camera – children drugged and beaten in Romanian kindergarten
- 2Scientists baffled by two new holes discovered in Siberia
- 3Russia defiant in face of tough EU-US sanctions
- 4#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 5Gaza: Deaths at Jebalya school after Israeli strike
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 2Air Algerie plane ‘crashes’ over Sahara
- 3Eastern Ukrainians ‘hate Russian-led guerrillas’ — Arseniy Yatsenyuk
- 4Ukraine: ‘Disappointment’ at Yatsenyuk resignation
- 5Caught on camera – children drugged and beaten in Romanian kindergarten
Wires > News
- 19:29 CET Russia’s top general says Moscow committed to nuclear missile…
- 19:26 CET Kenya charges 9 foreigners over 377-kg heroin haul
- 19:13 CET Azerbaijan detains rights activist accused of espionage
- 19:08 CET Iraqi Shi’ite militias use hit lists to pick off foes – police
- 19:01 CET Thai junta gives security forces majority in interim legislature
- 18:55 CET Sudanese woman who had faced execution for conversion due in U.S
- 18:25 CET China says Islamist militants kill pro-Beijing imam in Xinjiang
- 18:22 CET U.S. says hopeful of WTO deal with India only hours before deadline