Weekend Economists Host a Lion July 5-7, 2013

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44. Egypt Says No Premier Picked as Salafis Reject ElBaradei

http://www.bloomberg.com/news/2013-07-06/egypt-says-no-premier-picked-as-salafis-reject-elbaradei.html

Egypt’s interim president moved to pull together a government to restore order in the restive nation, while planned rallies by supporters and opponents of Islamist Mohamed Mursi today threatened to ignite new violence.

The turmoil convulsing Egypt after Mursi’s overthrow by the military last week led to clashes between the two camps on July 5 that killed about three dozen people and wounded more than 1,000. The instability, along with violence in the Sinai peninsula, prompted the military to deploy special forces to guard the Suez Canal, the state-run Ahram newspaper reported.

Security forces today also expanded their crackdown on Islamists, ordering the arrest of a preacher and two senior members of the Muslim Brotherhood group that backed Mursi in his presidential run and is demanding his reinstatement.

The military forced Mursi out, just a year into his term, after months of discontent with his leadership came to a head in days of mass protests. Hundreds of thousands took to the streets to demand he step down, accusing him of betraying the 2011 revolution that toppled Hosni Mubarak by grabbing power for his Islamist backers and exacerbating Egypt’s economic plight and political rifts.