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Egypt's ruling party under restructuring

0 CommentsPrint E-mail Xinhua, China Daily, February 6, 2011
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Eye witnesses said that on Saturday night, the Egyptian army in Cairo square prepared to clear the area of the protestors to make space for traffic of working day on Sunday in an attempt to bring back the economic life to Egypt after it was stalled due to massive protests.

President Mubarak on Saturday held a ministerial meeting in his presidential palace, a move to show he is still leading the government amid ongoing pressure for his quit.

The meeting was attended by his economic team, including the prime minister, central bank governor, ministers of petroleum, social solidarity, trade and industry and finance.

Prime Minister Ahmed Shafiq said after the meeting that the situation in Egypt is very reassuring in terms of available basic needs, foodstuffs and fuel.

The government will focus in the coming stage on boosting the internal front, restoring stability and providing the basic needs of the citizens in order to go through this stage peacefully, Shafiq added, stressing his belief that the crisis will be over soon.

However, the head of the Egyptian stock exchange market said it will not reopen on Monday as planned but a new date to resume trading will be decided 48 hours before its opening.

Two main Egyptian opposition parties, namely El Wafd and El Tagammu, which met Egyptian premier to join the dialogue with the new cabinet on Saturday, were called upon by Vice President Omar Suleiman.

Almost all the legal political parties have agreed to take part in the dialogue, which was still rejected by the banned Muslim Brotherhood, Egypt's largest opposition group, and the top dissident ElBaradai, who asked for an immediate departure of Mubarak before they accept any dialogue.

"Let's be optimistic," Shafiq said, referring to the continued dialogue despite the numerous political powers and their diverse stances.

Meanwhile a new twist in the US policy towards the Egyptian turmoil, as the US Secretary of State Hillary Clinton praised the restraint shown by Egypt's security forces, but warns of risks with the transition to democracy.

President Mubarak insists that he will remain in his post until his term ends after presidential elections in September. While the US sees that a transition period is crucial, protesters fear that without an immediate exit of Mubarak and the pressure from the streets, the regime will emerge with its authoritarian monopoly largely intact.

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