US threatens to cut financial aid to Egypt

Due to the turmoil and chaos that has been taking place in Egypt, the US is threatening to stop the economic aid of 1.3 billion dollars in military assistance that it gives Egypt every year.
Cutting aid to Egypt could have dire consequences on the relationship with Israel, as Egypt is one of the two countries (along with Jordan) who made peace with Israel in 1978. And Israel sees Egypt as an ally to keep stability in the region.
Cutting aid could also deeply affect the security of the Suez canal, a crucial strategic point for many, guarded and controlled by Egypt.
Check it out.
Chiara Romano Bosch


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