Morsi is not impressed with the military's ultimatum.
Related: Morsi Is Prepared To Become A Martyr, Says He Will "Shed Blood" To Defend MB's Rule.
Egypt's Protests: Three Things to Know. Source: CFR. Date Published: July 2, 2013. Description:
Protestors have returned to the streets in Egypt to demand the resignation of President Mohamed Morsi just one year after his democratic election. Isobel Coleman, CFR's senior fellow for U.S. foreign policy, highlights three things to know about the protests:"Tourism, one of the country's primary sources of foreign exchange, has suffered considerably during the past two years. Foreign exchange reserves have fallen from over 40 billion dollars at the time of the revolution to less than 15 billion dollars today." - Isobel Coleman.
- Political Divisions: Since taking office, Morsi's government has exhibited "authoritarian tendencies," says Coleman. Party members and their allies have been appointed to leadership roles throughout the country, while the powers of the judiciary and civil society organizations have been curbed. The government "has run the country much as a one-party regime," she says.
- Economic Angst: Tourism, foreign exchange reserves, and the value of the Egyptian pound have continued to fall since Morsi's election, says Coleman. Egypt also faces increased unemployment and growing food and energy insecurity. "The political fighting of the last two years has left the country economically adrift at a time when it desperately needs leadership to address its pressing economic challenges," Coleman emphasizes.
- Military Intervention: The Egyptian military has threatened to intervene if the government does not resolve the outrage. While some Egyptians welcome the ultimatum, such an intervention could set back Egypt's push for a stable democracy, says Coleman. The transition to democracy will only be as strong as the Egyptian will to address the issues through political compromise, Coleman argues, rather than "falling back on the country's military."
Egypt: Army to Suspend Constitution, Legislature. Source: AP. Date Published: July 2. Description:
Egypt's state news agency says the military has drawn up a plan to suspend the constitution, dissolve the legislature, and set up an interim administration if President Mohammed Morsi fails to reach a solution with his opponents. (July 2)