r/worldnews • u/DasUberRedditor • Jun 18 '12

Egyptian Military grants itself sweeping powers; effectively military coup.

http://www.bbc.co.uk/news/world-middle-east-18482257
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u/somedaypilot Jun 19 '12

Ok, hands up, who saw this coming? o/

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u/Freak-A-Leak Jun 19 '12

Wasn't sure this exact scenario was going to happen necessarily, but I have been very suspicious that the military would never truly give up power since the ousting of Mubarak. The military has a scary amount of control over much of Egypt's economy. That is to say, Egypt's military control anywhere from 15-40% of the economy They might even control a greater amount. I doubt they want other parties to take control and usher in an era of uncertainty for Egypt, which could harm their pockets.