The Phaserl


Live Egypt Feed As Morsi Rebuffs Military; 33 Hours (And Counting) To Coup

from Zero Hedge:

“The country is heading toward a clash and a civil war,” warned Morsi’s political opposition party leader after the President rebuffed demands for stability from the military (or else). As Bloomberg notes, the vaguely worded statement from Morsi’s office that they would continue to walk the “path that was outlined” regardless of “any statements that could deepen the divisions between the sons of the nation, and could threaten social peace,” is as clear a snub to the coup-threat as it comes without directly addressing them and has merely served to bolster the anti-Morsi protesting crowds in Cairo’s Tahrir Square. Growing fears of tensions spilling over – and a closure of the Suez Canal – have pushed WTI crude prices back above $99. With 33 hours to the Military’s deadline and crowds swelling even further, the celebrations yesterday are beginning to turn to anger once again.


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