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Africa North
Egypt To Discuss $2 Bln Aid From Algeria
2012-10-23
[Ynet] Egypt's government will discuss gaining assistance worth $2 billion from Algeria during a visit to the country by Prime Minister Hisham Kandil on Monday, an Egyptian newspaper reported, citing an unnamed official.

Egypt needs help from foreign donors to rein in its budget deficit and avert a balance of payments crisis until it can secure a $4.8 billion loan from the International Monetary Fund.
Posted by:trailing wife

#8  Algeria has an enormous cache of money, in it's Generals' and current French ministers' Swiss bank accounts...Algeria's people are one of the poorest nation on earth...

During the Paris Metro bombings after the "Liberation"(turning over the Algeria department to muslim terrorists under pressure from the Kremlin and Jackass Kennedy), the French president told his Algerian counterparts that all Algerian cities where to be nuked, unless the bombings stopped and an "understanding" was reached...so the bombings stopped and all French Presidents since have retired VERY comfortably...
Posted by: Woozle Bucket2311   2012-10-23 22:03  

#7  Hello!
I hope this missive find you well!
I am the uncle's brother's cousin of Algerian Pryme Ministor Hisham Kandil and I have an opportuneity for you...
Posted by: tu3031   2012-10-23 21:19  

#6  And does the IMF really expect to be paid back for their writeoff loan to Egypt? Put Charlie Brown, Lucy, and the football pic here.....
Posted by: Alaska Paul   2012-10-23 20:41  

#5  Thinking that myself, check probably has a picture of Uncle Sugar on it.
Posted by: swksvolFF   2012-10-23 12:01  

#4  Algeria has a spare two billion laying around?
Posted by: SteveS   2012-10-23 11:24  

#3  I know. Isn't it great? Oil money to support Egypt!
Posted by: Bobby   2012-10-23 08:24  

#2  Since it's not going to be paid back anyway, Bobby, the question of interest rate vs. loan origination fees doesn't really matter.
Posted by: trailing wife   2012-10-23 07:41  

#1  Algeria loaning money to Egypt? Now there's an idea I can get behind! Will they charge interest? Can they charge interest?
Posted by: Bobby   2012-10-23 06:12  

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