CAIRO (AP) — Egypt's prime minister says the street violence and political unrest that has engulfed the country for more than a week is threatening the nation's already ailing economy.
In a brief statement on TV Saturday, Hisham Kandil also condemned recent attacks by protesters on state property and said no government can effectively govern in the current climate.
His comments come a day after protesters hurled firebombs and flares at the presidential palace in Cairo.
Egypt's foreign currency reserves have been cut by more than half since the 2011 uprising that ousted longtime autocrat Hosni Mubarak. Foreign reserves currently are estimate at around $15 billion.
The Egyptian pound has also lost around four percent of its value due to the recent turmoil.
Stephen Self - Clinton Gets More Delegates Than Sanders Despite NH Blowout
Rush Limbaugh: Ted Cruz is the closest we’ve gotten to Ronald Reagan in our lifetimes
- What Is Your U.S. Income Percentile Ranking?
'That's bad, right?' Hillary's email trouble might have just deepened (if that's even possible)
GM Fires Concealed Carrying Valet Who Saved Autoworker Under Attack
Donald Trump: We're Going To Keep Common Core (Updated) | RedState
Bloomberg vs. Trump? | Human Events