Sunday, 18 August 2013 07:21
Sunday, 18 August 2013 07:11
'The United States, which has refused to cut off its hefty 1.3 billion dollars in annual military aid to Egypt, continues to argue that depriving arms to the 438,500-strong security forces will only “destabilize” the crisis-ridden country.
There is perhaps a more significant - but undisclosed - reason for sustaining military aid flows to Egypt: protecting US defense contractors. Virtually all - or an overwhelming proportion - of the 1.3 billion dollars granted under Foreign Military Financing (FMF) is plowed back into the US economy, specifically into the US defense industry.'
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