Seriously, I have never seen in Egypt the number of beggars that exist now. Anyone noticed, or just me? With this phrase, a woman who is not over forty asks and is waiting for an answer from women who were next to her in the metro carriage heading to Tahrir station. Another woman picks up the tip of the line and replies, “I don’t need to note 40% below the poverty line. The times are treasures of the earth.
Egypt is currently suffering from a financial and economic crisis for several reasons, including the excessive borrowing of the deliberate and severe coup gang, which raised the number of external debt from 40 billion dollars to more than 160 billion dollars within a period not exceeding 9 years, and the mismanagement of public money and its spending on projects They do not represent the priorities of the citizen and the economy.
The question here, in light of this crisis that no one denies and is trying to find solutions to overcome it before it erupts, will the coup government implement austerity steps that do not affect the citizen and do not tire him out by increasing taxes, prices and fees and reducing the rest of the support shell?
Plane “We are very poor”!
Repeatedly and in the ears of the Egyptians, the butcher Sisi claims that Egypt is a poor country without resources, denying history, geography, economists and the billions looted by him and the military who preceded him and ruled the country. Hamburg Airport in northern Germany, after its trace has disappeared since September 2021, and sites tracking aircraft deals around the world monitored, earlier this week, the entry of the “Boeing 747-8”, which was bought by the coup gang, to become a flying presidential palace during the coming period, after it was officially registered in international aviation organizations. In the name of SU-EGY since October 13, 2021.
The plane arrived at the headquarters of Lufthansa Technic, the largest base for Boeing aircraft maintenance and modernization after its huge factory in Seattle, USA.
The Helmut Schmidt unit at the base is in charge of converting the commercial plane, which was built in 2010, into a “presidential castle” by equipping its double-decker cabin into a presidential headquarters, which includes luxurious bedrooms, conference and meeting rooms, a gym and a center for the management of military operations, after providing it with an advanced infrared protection system. , against missiles, the United States provided about 104 million dollars.
Paradoxically, Lufthansa Technik, the technical arm of Lufthansa Airlines, which retracted the purchase of that plane, as part of a deal to own 20 planes of the same model, which it contracted 15 years ago, carried the 20th plane in the delivery schedule, and when it tested for the first time on 26 April 2011 Lufthansa experts discovered technical defects in it, which made them refuse to receive it, and it remained between the Boeing hangars and the ruins of isolated airport corridors in the American desert of Nevada, until “Boeing” resold it to Egypt to become the American-style “Air Force 1” presidential plane No. 1″.
This comes despite the fact that Lufthansa was not satisfied with the plane upon receipt, but it is currently working on rehabilitating it and transferring it to the new customer, the VIP, as Boeing calls it, who negotiated its purchase in May 2018 and ended the contract with Boeing in June. June 2021, so it moved from America to Munich on August 21, 2021, until it moved to the comprehensive rehabilitation workshops, in Hamburg before the end of last year.
A story of poverty..!
In recent years, the butcher Sisi has expanded in obtaining loans from abroad with high interest rates, in order to construct palaces and luxurious buildings in the new administrative capital, and high-rise towers on the Mediterranean coast in the city of El Alamein, between them a high-speed train at a cost of $23 billion.
“Egypt is waking up” and “A homeland’s story” are bright slogans raised by the serial killer Sisi, who ran for a second presidential term after 4 years approaching completion, but many indicators point to unprecedented levels of debt sinking future generations.
The public debt jumped to 4 trillion pounds, compared to 1.7 trillion pounds, exceeding double what Egypt owed for more than 50 years, and the waves of high prices pursued the Egyptians without a truce, to witness about 14 increases in prices, an increase every two months, in addition to 8 fueled decisions about prices, exacerbation of poverty and unemployment. .
The butcher Sisi did not stop making promises to reduce prices, reduce debts, implement major national projects, build industrial cities, reclaim millions of acres for agriculture, and reduce unemployment rates. However, official disclosures about the implementation of these promises indicate a low level of achievement on the ground, especially in projects that depend The Egyptians have to work, reduce prices and improve the standard of living.
A few months after his election, the promises of the butcher, Sisi, “tomorrow you will see Egypt” turned into “we are in a semi-state” and “we are very poor”, while successive living crises have intoxicated tens of millions of poor and low-income people, so that they hardly get out of a wave of high prices until they are attacked by others, to postpone their dreams indefinitely.
While the coup government raised the slogan of economic reform, official indicators confirm the continued decline of the budget deficit, the collapse of the local currency, and ballooning debts to unprecedented levels that devour any return on production.
Source: بوابة الحرية والعدالة by fj-p.com.
*The article has been translated based on the content of بوابة الحرية والعدالة by fj-p.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!