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Egypt Islamists say clerics
must approve IMF loan

Reuters, by By Tom Perry

Original Article

Posted By:noproblems, 2/19/2013 11:14:45 AM

Egypt´s main hardline Islamist party says an IMF loan agreement requires the approval of a body of Muslim scholars under the new constitution and it is considering legal action to make sure the government sticks to the law. The case could set a marker on the extent to which clerics will have a say over state affairs according to the Islamist-tinged constitution that was signed into law in December following its approval in a referendum. The Salafist Nour Party says the loan agreement, seen as vital to easing a deep economic crisis, must be approved by a body
Headline split, content added by staff

Comments:
Hey MSM, how is that "Arab Spring" working out for ya?

      


Post Reply  

Reply 1 - Posted by: horacer, 2/19/2013 11:27:42 AM     (No. 9184839)

1.1% isn´t interest it´s a joke. Such naive clerics. Take the loan, don´t pay it back and in a few years ask to refinance with a little extra tossed in.

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Reply 2 - Posted by: provide, 2/19/2013 12:18:28 PM     (No. 9184961)

Muslims do not approve of interest, just "favors".

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Reply 3 - Posted by: stablemoney, 2/19/2013 1:20:12 PM     (No. 9185082)

There is no such thing as a "loan" to Egypt. One would be rather a fool if they thought repayment possible.

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Posted By: noproblems- 2/19/2013 11:14:45 AM     Post Reply
Egypt´s main hardline Islamist party says an IMF loan agreement requires the approval of a body of Muslim scholars under the new constitution and it is considering legal action to make sure the government sticks to the law. The case could set a marker on the extent to which clerics will have a say over state affairs according to the Islamist-tinged constitution that was signed into law in December following its approval in a referendum. The Salafist Nour Party says the loan agreement, seen as vital to easing a deep economic crisis, must be approved by a body
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