Egypt's PM Beblawi appeals for unity

Al-Beblawi, who formed his government following the military's ouster of Morsi on July 3, said improving security conditions have had their positive effects on the Egyptian economy

Egypt's PM Beblawi appeals for unity

World Bulletin/News Desk

Egypt's interim Prime Minister Hazem al-Beblawi on Sunday appealed for national unity, expressing hopes that Egyptians would bridge their gaps and join hands to push their country forward.

"I call on all Egyptians to unite and bridge their divisions," he said in a televised speech marking the 40th anniversary of the 1973 victory over Israel.

Egyptians supporting the army are celebrating on Tahrir Square in central Cairo and in other major squares across the country.

Pro-democracy groups are also planning mass protests today against what they call the "military coup" against Egypt's first freely-elected president Mohamed Morsi.

Al-Beblawi, who formed his government following the military's ouster of Morsi on July 3, said improving security conditions have had their positive effects on the Egyptian economy, adding that the economy had started to show signs of recovery.

He asserted that rising foreign currency reserves, stability in the exchange rate of the Egyptian pound and decisions by some European countries to lift earlier bans against travelling to Egypt show that the economy would recover soon.

"But there can be no progress without real work," said al-Beblawi.

Egypt has started receiving billions of dollars in aid from Arab Gulf countries, particularly Saudi Arabia, the United Arab Emirates and Kuwait, after Morsi's overthrow.

Financial analysts say the Arab aid would keep Egypt afloat for months, but the country must retain its customary stability for the economy to go back on track.

Al-Beblawi, a noted liberal economist who served in one of the governments under the military council that took over after Egypt's president Hosni Mubarak was deposed in 2011, said his government took over while Egypt's conditions were critical.

"We started our work amid widespread disorder," he insisted. "But thanks to the efforts of the military and policemen, things started to settle down."

Al-Beblawi underlined the importance of production efficiency and justice for Egypt's future.

He said all Egyptians must have equal opportunity, but must also be efficient and hardworking.

Last Mod: 06 Ekim 2013, 16:02
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