Thursday, April 07, 2011

Egyptians mull stopping US aid

Today on Radio Ahram, the subject was whether Egypt should stop accepting the $2 billion it received annually from the US. That aid had been meant to keep Egypt friendly to the US and to keep its part of the peace agreement with Israel.

The comments on the web are generally in favor of stopping the aid, and stopping agreements with Israel such as the natural gas deal.

One commenter says, not unreasonably, that if Egypt recovers the money that was stolen by the Mubarak regime every year, that could offset US aid. Of course, this presupposes that the new regime in Egypt won't be as corrupt as the last one.

Now, the better question is should Israel wean itself from US aid, and therefore US pressure?