Also in this playlist...
This transcript is automatically generated
-- Dennis a lot of action around here right now -- just watch a seven combat fighter planes roared overhead.
For watching armor personnel carriers rumbled to the position -- -- -- square which is just behind us right now we have heard -- -- fire in the past couple hours we have heard the wail of sirens and as you know yes violence violence once again and the heart of Cairo leaving several people dead the action happen.
Actually a couple of miles away from where we are right now at the Republican guard -- daughters and that is where it is felt by.
-- old Mohamed Morsi supporters there deposed president is now being held by the authorities remember just a couple days ago.
There was what some people are calling a military coup which means the government there and judicial rules today people are fighting they're angry they are caught speaking out so far at least we have heard as many as three people have been killed.
And clashes between protesters and authorities which are backing of the changes in the government here.
Maybe as many as fifty people injured.
We are seeing protests rallies and clashes throughout Cairo and in fact.
All around he -- up and Alexandria and in Sinai one soldier was killed.
And I probably won't get you.
You people and more angry here at least that probe Morrissey folks more changes being put in place more institutions of the government had been here for the past year.
Being dissolved so far at least right being here ten years where it is quiet this is where the anti -- people that have been gathering in such huge numbers in the past.
A couple of days and as you remember it is those huge numbers those huge -- that allow the military just two days ago to stay put some people are calling a -- basically getting rid of the government that has been elected in here the Islamist -- Mohammed was of Muslim Brotherhood.
Party dominated government to allow the military to take that away one final note again about two years ago 20112.
And a half years ago.
We got a real taste of the violence here -- -- -- which led to the toppling of then Egyptian President Mubarak.
We've been back here twice then and we have seen elections for parliament's.
Referendums for constitutions now and let's face it 22 days.
All of that has been wiped away some people very happy seeing the economy going down here and seeing that islamists dominate the government but others today we are seeing every angry as well back to you -- us.
All right thanks very much Greg -- -- stay safe.
So returning to what the events unfolding in Egypt could mean for the country's future it's fragile economy in the region we got a rich -- And Washington DC with a look at that right.
-- and -- the economy was bad it's gotten worse since -- -- more season illustration began last year now that it's over.
There's some sense of optimism the economy may improve though is Greg just detailed significant uncertainty there about -- -- government who's going to run it.
And all the demonstrations ongoing in the streets it's been a difficult year food prices increased 8% last year.
Half the population lives on less than two dollars a day up from 40% before the revolution.
The average Egyptian -- spends half it's income on food and tourism a sizable percentage of the country's economy.
Is down 40%.
And with a different government apparently on the way experts say the change -- regime will likely help the economy.
I think there's a sense that.
That that that that will help turn the economy around people who know what they're doing who -- who can move the economy forward and also a sense of -- reduction -- intention.
May be able to help the tourist economy which is of a big part of of -- some -- GDP.
It is still unclear who will replace -- -- perhaps a transitional government run by technocrats.
To get the government and economy functioning again in the meantime the demonstrations continue as those backing the ousted president continue to protest marches removal --
Filter by section