It Is A Coup After All: State Department Suspending Bulk of Funding To Egypt -- By Tyler Durden, Zero Hedge

It would appear the US government, in all its shutdown might, has made a decision. The State Department has issued a statement that the US "wants to see Egypt succeed," via an "inclusive, democratically elected civilian government," but in the meantime will be "recalibrating assistance to Egypt to best advance US interests." A translation of the political double-speak - it's a coup and we won't be sending any military aid or cash directly to the country anymore...


Via State.gov,

The United States and Egypt have a longstanding partnership and many shared interests, including: promoting a stable, inclusive and prosperous Egypt; securing regional peace; and countering extremism. The United States wants to see Egypt succeed, and we believe the U.S.-Egypt partnership will be strongest when Egypt is represented by an inclusive, democratically elected civilian government based on the rule of law, fundamental freedoms and an open and competitive economy.

As a result of the review directed by President Obama, we have decided to maintain our relationship with the Egyptian government, while recalibrating our assistance to Egypt to best advance our interests. The United States will work with the interim Egyptian government and Congress to continue to provide support that directly benefits the Egyptian people in areas like health, education, and private sector development. We will continue assistance to help secure Egypt’s borders, counter terrorism and proliferation, and ensure security in the Sinai. We will continue to provide parts for U.S.-origin military equipment as well as military training and education.

We will, however, continue to hold the delivery of certain large-scale military systems and cash assistance to the government pending credible progress toward an inclusive, democratically elected civilian government through free and fair elections.

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