Egyptian President Morsi Removed: A Two Sided Coin

July 22, 2013 in Analysis & Editorial

Secretary of Defense Leon Panetta Addresses a Panel on Egypt

Secretary of Defense Leon Panetta and Ambassador Anne Patterson brief Egyptian and American press in Cairo Egypt, July 31, 2012. Source: Erin A. Kirk-Cuomo/DOD.

The primary issue in recently astounding events in Egypt seems whether or not the military’s coup d’état overtaking Morsi’s government strengthens the fragile democracy of Egypt or destroys it during its growing pains. The United States took 13 years to get over the fragile beginnings of this process. While Morrissey received a clear majority of the vote, he was ousted by military force, about which many have reason to be suspicious. Whether a dictator has been deposed or a rightfully elected democratic candidate has been ousted by the military is subject to debate worldwide. Morsi has since disappeared amid allegations of kidnapping by the military.

Morsi’s reign lasted but one year. It had been 80 years of constant struggle for the Muslim Brotherhood to attain Egyptian leadership.  General Abdel Fattah al-Sisi suspended the nation’s Constitution and had Morsi arrested. There has been news Egypt’s deposed president is feared kidnapped. Osama Morsi, son of the deposed president, is seeking information on his father’s status.

While protests in Egypt have turned deadly, Egypt’s equity benchmarks and economic reports initially have been positive parallel to Morsi’s departure.

“The market is rallying hard, driven by predominantly domestic investors in a celebratory mood,” according to Julian Bruce,  the Dubai-based head of institutional trading at Egypt’s EFG-Hermes Holding. “Concern over what happens in the medium term is being put aside for another day.”

It is going to be very difficult for Morsi to regain his place of leadership if markets continue to increase. It is more likely that as the Army retains power, Egypt will be exactly where it was when it started this evolution towards free elections. Islamists will have to be given assurances of fair elections or the trust necessary for free democracy will erode like sand dunes in the desert. Reportedly 100 people have been injured in long overnight street battles between supporters and opponents of Morrissey in the city of Suez.

Interim President Adli Mansour and new Prime Minister Hazem el-Beblawi, are calling for reconciliation between supporters and opponents of the former president. Morsi has yet to be charged with any crime.

“In Egyptian law, in order to detain anyone an investigation has to be conducted first,” said Mohamed Damati, a member of the Morsi legal team at a press conference. “The public prosecution did no such investigation, and when we approached them about it they just brushed us off with no response.”

“I just want to send a message to my father,” Morsi’s son shared in English afterward. “Dad, you are the legitimate leader. You are the elected president. We, your family, are all proud of you, and God bless you.”

The remaining result appears to be kidnapping.