Erstellt am: 5. 7. 2013 - 13:13 Uhr

Outside-In and Inside-Out

Reality Check: a look at the recent events in Egypt from the international perspective and another Austrian company's worrying financial status is laid bare.

APA

Egyptians opposing President Morsi hold his poster with USA and Israeli flags as they take part in a protest, Cairo, 30 June 2013

Revolution 2.0 and the Outside World

The United States is loathe to use the word 'coup' because that would compromise the cutting off of a flow of serious cash to Egypt. We're talking about an annual $1.3 billion here.
After the Egyptian military deposed former President Mohamed Morsi from power, the conversation in the U.S. quickly turned to this question: would military aid be cut off to the Egyptian armed forces, as the law stipulates must be done after a coup? Nope. Too much is at stake for U.S. interests: Israel, the Suez Canal and influence in the Middle East.
Speaking of Israel, it is, as ever, keeping a wary eye on Egypt. A 'wounded tiger' (as our Cairo correspondent Karim El Gawhary described the current state of the Muslim Brotherhood) is afterall, a very dangerous tiger.
And the Arab region in general? How have the momentous events of the past few days in Egypt affected the mood in neighbouring countries? Middle East analyst Rime Allaf gave us her take...

Und Dayli Grüßt das Murmeltier?

APA/HELMUT FOHRINGER

A man walks past a Dayli shop in Vienna, Austria, 04 July 2013

The successor company of 'Schlecker' opened insolvency proceedings yesterday in Linz. 3,300 jobs in Austria and more than 1,000 in Italy, Poland, Belgium and Luxembourg are at risk. A worrying development in Austria, especially considering what's happening with Alpine. Economic journalist Hans Weitmayr tells us why...