CNN's Hala Gorani, sitting in for Christiane Amanpour, spoke on Monday with Pimco CEO Mohamed El-Erian about the deteriorating situation of Egypt's economy.
Mohamed El Erian has wrapped it well and said it in very precised message to the American administration stop dictating and better develop the country economically. After September 11, the USA has had an illusion that democracy, including bringing the MB's to power, will reduce terrorism. What will reduce terrorism is economical and social welfare. The US administration needs to be less shallow and needs to address the real problem before the Egyptian people would hate the US more and more. Let Egyptian people to decide their own future and if the US can help the economy grow come with pleasure!
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Mohamed El Erian has wrapped it well and said it in very precised message to the American administration stop dictating and better develop the country economically. After September 11, the USA has had an illusion that democracy, including bringing the MB's to power, will reduce terrorism. What will reduce terrorism is economical and social welfare. The US administration needs to be less shallow and needs to address the real problem before the Egyptian people would hate the US more and more. Let Egyptian people to decide their own future and if the US can help the economy grow come with pleasure!
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