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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s