E Savvy Safety Essay

782 words - 4 pages

eleaguered Egyptian President Hosni Mubarak has announced a new cabinet amid mounting pressure from protesters, who have gathered in Cairo again in their tens of thousands.

Interior Minister Habib al-Adly, widely despised by protesters, and the finance minister have been replaced.

However, correspondents say it is likely demonstrators will only settle for Mr Mubarak's removal from office.

Protesters have called a general strike and plan a huge march on Tuesday.

Mr Mubarak, who has been in power for 30 years, has ordered new Prime Minister Ahmed Shafiq to push through democratic reforms and create new jobs.

But there are few major changes in the new cabinet line-up, with ...view middle of the document...

One possible outcome remains a Hosni Mubarak who will be re-booted rather than booted out.

Mr Adly has been replaced by Mahmud Wagdi, an army general, while Samir Mohammad Radwan replaces Youssef Boutros-Ghali as finance minister. Mr Radwan said he had a "national mission at a very critical time".

The line-up confirms a purging of those behind Egypt's economic liberalisation and growth over the past few years, analysts say, and a move towards a more military cabinet.

A number of businessmen holding economic posts have been removed. Some Egyptians have resented the influence of the tycoons.

Concerns are growing about the economy after a week of protests.

Moody's Investor Services has downgraded Egypt's bond rating and changed its outlook from stable to negative, following a similar move by Fitch Ratings last week. Both cited the political crisis.

World oil prices on Monday topped $100 a barrel amid fears of the ongoing unrest.

Few of the 50,000 protesters in Tahrir Square in the centre of Cairo appeared appeased by the cabinet changes.

"We will stay until the coward leaves," the crowd chanted.

One protester, Rifat Ressat, told Agence France-Presse news agency: "We want a complete change of government, with a civilian authority."

But he did...

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