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-- go to Defcon three and KT my front.
-- just returned from a trip to Egypt to Cairo.
And that was some -- -- leading people across the board from politics to religion.
To student activists to business leaders and to the business leaders I met with really impressed me so we have an opportunity talked about the them today.
They're in Washington DC at -- Hisham bombing who is.
The CEO of the American chamber of commerce and Egypt.
And his colleague -- -- remind us who is the chairman of the same organization the American Chamber of Commerce in Egypt.
Both man do business in Egypt they do business with the United States and there.
They live in Cairo and I know what the situation has now I want to ask both of you but let me start with -- We normally in the United States for Fargo Sami is stated the Egyptian political situation and -- -- the military the security situation.
We often ignore the economy and yet that may be the most important story of all.
What's the current state of the Egyptian economy since.
The Arab Spring two years ago and then since the removal of Mohammed Marcy.
Well the economy's been in real dire straits Casey 42 years now we've been going downhill.
-- dollar reserves have plunged from 36 billion to to 1213 billion.
Tourism dried -- and a lot of people are out of work.
But I think the good news is that in last.
Few months now we have a great cabinet -- in that installed that could put it could put this back on track.
I have let me ask you outings and when they muscle -- -- is in office in Asia did you see a different thing and your ability to have a strong economy.
And to get business going.
We had to do was a local for the incompetence.
I mean it was a typical situation where they have to get him to people they knew and trusted supporting people.
Who knew who and who do.
And it preview as reflected on the performance.
The economy as -- -- -- -- down domestically.
We have this seriously hurt you issuing -- rampant inflation.
It was -- a good situation.
And let me ask both of you what I have to change when you talk about you have a shortfall.
A budget deficit of twelve billion dollars.
What is gonna have to change in Asia to get bad downward spiral reversing going in the other direction Hisham let me start with you.
I think the security situation has to come back and or their.
For tourists to come back people to come back to employment.
I think we have to adjust the energy subsidy which is -- up a quarter of the budget.
There are a lot of decisions that need a strong cabinet and a strong strong people to take those decisions.
And hopefully I think we do have these guys and and that.
And not -- at the moment.
This is the road -- that people -- you're talking about now the political right now.
Political roadmap starts from the code execution.
Prosecution was drafted by time experts on the matter and then fifty people.
Would it presents a broad spectrum of society.
From different walks of life -- reviewing it.
Then once it's completed and should be completed by the end of the most of them -- Bloomberg.
And then you have referendum on the constitution.
And then parliamentary election -- and presidential election -- The plan is that people do or be done by June -- -- fourteen.
And so -- it's mean that he had to leave it pretty consistent manner.
And so what happens that to their military.
After what the president for example who's running for president of Egypt well.
General -- run for president and once there is a new government in place you say by the summer.
Then what happens to the military position and make and the governance of the country.
The -- position is and really mean Hussein and they.
They have to step -- And they didn't have been the rule of the police and -- -- -- from police force fertilize it.
They have a very different situation and decide and I think with the civilian government is -- -- company demanded that he's not running the country.
And they would continue to perform in SeaWorld when -- Manila the president is on board but right now we have for the court and into the government.
And as far as the military is concerned doesn't make a difference.
They have -- -- to perform -- that continue to do it.
-- -- let me turn you what things I was struck quick when I was in Egypt where is that.
Large number of people who seem to peacefully -- gone into the streets and demonstrated that they wanted to remove all.
Of the not Muslim Brotherhood and I wanted to new government.
And can just described what was that like in Cairo at the time.
It was quite an incredible seeing Katie something that.
We expected a lot of demonstration expect that a lot of people.
But we never expected.
All those people.
All of those in all those towns -- wasn't just in Cairo Alexandria was all over Egypt it was it was really moving.
And it was all kinds of people you have the if people are saying it was the elites -- but it wasn't it was everybody -- we and then the a lot of islamists.
A lot of people who are poor -- -- -- the unemployed.
-- -- and mean every person in line every kind of walks of library in there and it was just an incredible scene and I wish you could displays some -- -- footage that that we do have aerial footage available over the country.
Let me turn to you now eyes and hit.
This it's sixty wineries are that the Egyptian population which is a very young population very large percent of the population is under the age of -- That the population is growing much faster than the economy and thereby.
Setting up unemployment under the best of circumstances and yet we at the same time have high and inflation.
-- what has to happen or how do you see Egypt getting out of this mess of this first cycle of unemployment people on the streets more unemployment weren't happening this special on -- But it's pretty simple I mean that is it cost per job created that has to be that.
Resources of the country and no we're not provide jobs for 60% -- condition which is on the individual sort of two years old.
You must get foreign direct investment.
I pick up on -- point it has to be in this situation that is more secure.
Tourism provides X very high number of -- tournament -- -- trinity is a defeat that industry is.
That -- was food isn't an enormous and they provide the local jobs right -- tutors who is at its lowest it has to pick up.
As soon as a security picks up.
But to answer your point more specifically.
It's in question of investment just to invest you're going to be able to include them.
So right -- what we have to focus on these and the ability intensive.
Which projects that wouldn't suck up there and Ngo forum -- And hopefully have frozen -- of the big metropolis.
Whether they can get out there and breeze and stop being called in Munich congested area unchanged at -- and and and be productive.
So good -- and sort through economic situation is star of everybody being productive.
Finally what do you think will happen in the presidential elections who's going to run for president does -- really matter.
-- -- -- -- -- -- -- -- How I think it we don't really you know is going to be running for president error very good people in -- and I think.
Eventually we will have.
Good contest and I think that's what democracy's all about and I think we'll.
We'll have a very -- -- time getting through that.
OK well thank you both very much out patient -- add he's up among those who were both of the American.
Chamber of commerce and Egypt we -- -- our dear American friends wish you well I think great experiment in democracy we did it 250 years ago.
We had our ups and downs through and I think we all wish you the very best as you transition into democracy thanks so much for joining us.
Thank you did you think of -- that is -- -- -- -- thanks so much for joining us.