Huffington Magazine Issue 57 | Page 33

Voices * The anti-Morsi movement was not the only one to take to the street. The president’s supporters were also there, pushing the probability of human casualties to uncomfortably high levels. * An already-struggling economy was being brought to its knees, threatening the country with an additional spike in unemployment and higher inflation, spreading poverty, a foreign exchange crisis, and widespread shortages. * No external party could aspire to succeed in the role of intermediary. There was even a huge downside to anything that could be interpreted as foreign involvement. * The army was the only national institution able to play the role of referee. But, having been burnt by the earlier transition, the generals were hesitant to step in for many reasons, including the potential for domestic unrest. They also recognized the risk that their motives could be misinterpreted. No wonder Egypt ended up with what many regard as a messy, noisy and uncertain outcome. The military assumed power MOHAMED A. EL-ERIAN HUFFINGTON 07.14.13 again and removed a democratically-elected president, suspended a constitution that was approved by a national referendum, and dissolved the only sitting chamber in parliament. The reactions in the street ranged from joy to despair. And all worried about what the The first popular uprising two-and-a-half years ago ... proved insufficient to place Egypt firmly on a path that ultimately fulfills the revolution’s legitimate objectives of ‘bread, dignity and social justice.’” immediate future would bring in terms of clashes. Some, including many observers outside Egypt, have gone as far as suggesting that this was a “military coup,” evoking images of Chile in 1973. Yet the army’s intervention has the support of the majority of (though not all) Egyptians, including those who were greatly disappointed by its 18 months of transitional government after the outset of President Mubarak. It has also been strongly endorsed by virtually all political parties and