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gall?

Steve

Well-known member
have you ever loaned money to a person knowing you may never see the money again..

especially when you are not doing well financially yourself?

but felt they really need some help?

only to find out right after they received the money they just went out and blew it on something stupid and totally unneeded?

like a new tattoo?


Egypt closes in on $1bn US debt deal

Obama administration nears agreement with Egypt's new government as Washington seeks to help Cairo shore up ailing economy


Obama first pledged economic help for Cairo last year. Obstacles remained to completing the debt relief deal – which is reported to involve a mix of debt payment waivers and complicated debt swaps – and it was not immediately clear when an agreement might be announced.

But even as the negotiations proceeded in Cairo, Washington has also signalled its backing for a $4.8bn ($3bn) loan that Egypt is seeking from the International Monetary Fund and which it hopes to secure by the end of the year to bolster its stricken economy. The IMF chief, Christine Lagarde, visited Cairo last month to discuss the matter.

Egypt's military-appointed interim government had been negotiating a $3.2bn (£2bn) package before it handed power to Morsi on 30 June. Morsi's government then increased the request.

if that didn't outrage most Americans...

then the tattoo part will? (well not really a tattoo)

Berlin Silent on Report of U-Boat Sale to Egypt

A German government spokesman declined to comment on an article which appeared in the Egyptian daily Al-Ahram last Friday and cited the commander-in-chief of the Egyptian navy, Osama al-Gindi, as saying: "We have agreed to a deal with Germany to procure two submarines of the latest 209 Class."

it is not like Egypt is cowering in a corner..

The Egyptian Navy is the maritime branch of the Egyptian Armed Forces. It is the largest navy in Africa and the Arab World, and is the ninth largest in the world measured by the number of vessels.

sure.. forgive the $billion in debt.. they need it.. in the meantime they are out buying 2 subs for a $billion..

:?
 

Steve

Well-known member
Faster horses said:
Now let's see how this works. We forgive a debt of a billion dollars then
we go BORROW that much from China?????

and Egypt goes out and buys two new submarines to the tune of a $BILLION..
 

Tam

Well-known member
Steve said:
Faster horses said:
Now let's see how this works. We forgive a debt of a billion dollars then
we go BORROW that much from China?????

and Egypt goes out and buys two new submarines to the tune of a $BILLION..

That will most likely be used against US soldiers now that Obama has paved the way for the Muslim Brotherhood, a group that hates the US to be running that country.
 

Mike

Well-known member
Seems like just yesterday we gave Egypt a pass on a $Billion$ just before the first Gulf War in order to use their airspace and facilities.................
 
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