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Tuesday, 19 February 2013
With Tunisia, As With Egypt, An IMF Loan Will Help The Ikhwan

And the Ikhwan, the Muslim Brotherhood, or the Ennahda Party that is now sole ruler over Tunisia (with Jemali's resignation, and the failure of the "cabinet of technocrats"), will become more popular if, with Western -- Infidel -- IMF aid, it manages to stabilize or even improve the economy. Why is that in the Western interest? Why is in the interest of the best elements in Tunisia, or in Egypt -- those who recognize that Islam, undiluted, is a menace and the cause of the many failures -- political, economic, social, intellectual, and moral -- of both Tunisia and Egypt.

Nothing should be done to bail out the ikhwan. Nothing should be done, in fact, to bail out with Infidel aid any Muslim polity or people. It makes no sense. It delays the day of recognition, for those in Muslim lands capable of such recognition.

Here's the Reuters story about Tunisia:

IMF says still in touch with Tunisia on loan

February 19,2013

WASHINGTON, Feb 19 (Reuters) - Negotiations between Tunisia and the International Monetary Fund on a $1.78 billion loan are continuing at a technical level, an IMF spokeswoman said after political turmoil prompted Prime Minister Hamadi Jebali to resign.

"Negotiations for a new precautionary SBA are still ongoing at a technical level," Wafa Amr told Reuters in an email on Tuesday.

"Once a new government is named, we will enquire about its intentions/mandate. Once the political situation is clarified, we'll assess how best to help Tunisia."

The IMF said early this month that talks on Tunisia obtaining a $1.78 billion SBA, a stand-by arrangement that would be used as insurance to back the country's development after its 2011 revolution, were at "an advanced stage".

But economic policy-making in Tunisia is now threatened by a political crisis following the assassination of leading secular opposition politician Chokri Belaid outside his home in Tunis on Feb. 6.

Jebali initially responded to the crisis by proposing to create a non-partisan cabinet of technocrats that would lead the country into early elections. He resigned on Tuesday after his own Islamist Ennahda party opposed the idea, fearing it would be sidelined from power; the shape of Tunisia's new government is not yet known.

Posted on 02/19/2013 10:45 PM by Hugh Fitzgerald
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