Germany can’t look away if Syria uses chemical weapons

German Chancellor Angela Merkel speaks during a session at the lower house of parliament Bundestag in Berlin, Germany, September 12, 2018. (Reuters)
Updated 12 September 2018
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Germany can’t look away if Syria uses chemical weapons

  • The conservative leader said it could not be Germany’s answer to reject military intervention

BERLIN: Chancellor Angela Merkel said on Wednesday Germany could not simply look away if chemical attacks took place in Syria, two days after her government said it was in talks with its allies about a possible military deployment in the war-torn country.
The conservative leader said it could not be Germany’s answer to reject military intervention, a direct rebuke of her Social Democratic coalition partners, who have rejected participation in military action against Syria.
“It cannot be the German position to simply say ‘no’, no matter what happens in the world,” she told the Bundestag lower house of parliament.
Germany, the world’s fourth largest economy, is under pressure from the United States to boost military spending and shoulder more responsibility within NATO. It did not participate in military strikes carried out by US, French and British forces on Syria in April after a chemical weapons attack.
But Merkel and her conservatives must win over the more pacifist Social Democrats (SPD), junior partners in the ruling coalition, and overcome massive public opposition to Germany’s participation in military combat missions.
SPD leader Andrea Nahles on Wednesday told lawmakers her party would not agree to military intervention in Syria unless the United Nations authorized such action.


IMF says Egypt’s structural reforms key for sustainable development

Updated 24 September 2018
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IMF says Egypt’s structural reforms key for sustainable development

  • Egypt has implemented tough reforms under a $12 billion loan program agreed in late 2016
  • Egypt’s inflation eased to its lowest level in almost two years in May
CAIRO: IMF managing director Christine Lagarde has praised Egypt’s economy saying it was showing “strong signs of recovery” under a three-year reform plan, and stressed the importance of structural reforms to achieve more sustainable development.
Egypt has implemented tough reforms under a $12 billion loan program agreed in late 2016 that involved deep cuts to energy subsidies, new taxes, and a floated currency in a bid to draw back investors who fled after its 2011 uprising.
Financial markets have been closely watching how the government keeps to the terms of the deal, which has helped Cairo receive loan installments on schedule.
In a statement after she met with Egyptian President Abdel Fattah El-Sisi in New York on Sunday, Lagarde said the IMF remained committed to supporting Egypt.
“Egypt’s economy is showing strong signs of recovery, and its economic growth is among the highest in the Middle East,” Lagarde said in the September 23 statement.
She said she agreed with El-Sisi on the importance of capitalizing on Egypt’s “macroeconomic gains to advance the authorities’ home-grown structural reforms.”
“These reforms will help achieve more sustainable, inclusive and private-sector led growth which will help create jobs for Egypt’s young population, while also ensuring adequate resources are available for social protection,” she added, according to the statement.
Egypt’s inflation, which had soared to a record high of more than 33 percent in July 2017 after the import-dependent country floated the Egyptian pound in November 2016, eased to its lowest level in almost two years in May.
Core inflation in August stood at 8.83 percent while foreign reserves reached $44.419 billion compared with $36.143 billion in the same month last year.
Egypt in June raised fuel and electricity prices as part of the reforms agreed under the IMF plan in measures that had made it harder for ordinary Egyptians to make ends meet. Another fuel price rise is scheduled next year.