“Two years and 60,000 casualties into Syria’s civil war, the foreign ministries of the West have nothing to show for their peacemaking efforts except a wad of airline and hotel receipts. Egypt is proceeding with grim inevitability towards financial exhaustion, and the government has just announced a three-pita-per-day bread ration.  Most alarming is the emergence of a black market in Egyptian pounds, with a street rate February 10 of 6.95 pounds to the US dollar, against an official rate of 6.72. United States President Barack Obama has asked congress to renew Egypt’s $1.8 billion in annual aid, but two-thirds of that is military assistance.”

http://www.atimes.com/atimes/Middle_East/MID-01-130213.html

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