Immediately following the declaration of a cease-fire in Gaza, Egypt was plunged into a massive domestic crisis. Mohammed Morsi, elected in the first presidential election after the fall of Hosni Mubarak, passed a decree that would essentially neuter the independent judiciary by placing his executive powers above the high court and proposed changes to the constitution that would institutionalize the Muslim Brotherhood's power. Following the decree, Morsi's political opponents launched massive demonstrations that threw Egypt into domestic instability and uncertainty.
In the case of most countries, this would not be a matter of international note. But Egypt is not just another country. It is the largest Arab country and one that has been the traditional center of the Arab world. Equally important, if Egypt's domestic changes translate into shifts in its foreign policy, it could affect the regional balance of power for decades to come.
The Arab Spring was seen by some observers to be a largely secular movement aimed at establishing constitutional democracy. The problem with this theory was that while the demonstrators might have had the strength to force an election, it was not certain that the secular constitutionalists would win it. They didn't. Morsi is a member of the Muslim Brotherhood, and while there were numerous claims that he was a moderate member, it was simply not understood that he was a man of conviction and honor and that his membership in the Brotherhood was not casual or frivolous. His intention was to strengthen the role of Islam in Egypt and the control of the Muslim Brotherhood over the various arms of state. His rhetoric, speed and degree of Islamism might have been less extreme than others, but his intent was clear.
TownhallFinance.com makes available to the viewer a variety of independent sources that offer trading and investment advice and related services and products. TownhallFinance.com does not itself offer, verify, sponsor, or promote, directly or indirectly, any investment or trading advice, or information or any product or service offered by these independent sources. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual's personal needs and circumstances. Before using this site, please read our complete Terms of Service by clicking here. Make TownhallFinance.com your premier source for stock market and financial market information. Individual investors enjoy our worldwide investor seminars and trading seminars. Our investment advisor seminars keep financial advisors up to data with CEUs, and this site provides investors, traders, and advisors with the latest stock market analysis tips, information and research tools. Be sure to be a part of our options day trading tips and picks from professional day traders and various trading, investing and advisor Webcasts and financial podcasts.
Copyright © Townhall.com. All Rights Reserved. Terms under which this service is provided to you