Egypt's Arab Neighbors Are Threatening Economic Retaliation

Jordan’s King Abdullah Threatens to Shut Down Egypt’s Economy -- PJ Media

Speaking at a private meeting this week, Jordan’s King Abdullah warned that he had “bargaining chips” to use against the Muslim Brotherhood, which he denounced as a “new extremist alliance” in the Arab world. The news site AI-Monitor today translates a report from al-Hayat, citing sources from the meeting. “Rhe Jordanian monarch was full of reproach for Egyptian President Mohammed Morsi, who hails from the Muslim Brotherhood,” al-Hayat wrote. “The king added that the Egyptian leadership had ‘marginalized the Jordanian role during the Israeli-Palestinian negotiations to stop the recent aggression on the Gaza Strip.’”

The Muslim Brotherhood has targeted Jordan’s monarchy as the next domino to fall after Egypt. At the Dec. 10 meeting, King Abdullah accused Egypt of economic sabotage.

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My Comment: True .... the only thing that is supporting the Egyptian economy are the remittances of almost $18 billion that their workers who work abroad send home every year. Coupled with U.S./EU and IMF (promised) economic aid .... the Muslim Brotherhood government is vulnerable to outside pressures. But .... my prediction is that they are not going to use this 'weapon' to pressure the Morsi government. The fear (and it is an justifiable one) is that an economic collapse in Egypt may result in a situation that would make today's mess insignificant in comparison.

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