US calls for G8 to support Egypt, Tunisia


The United States called on the Group of Eight nations meeting this week in France to help with financial support for Egypt and Tunisia as the two countries attempt to make the transition to democracy.

In a letter to the G8, Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner argued that rich nations should do everything they can to make sure popular democratic uprisings are ultimately successful.
“We share a compelling interest in seeing the transitions in Egypt and Tunisia succeed and become models for the region,” the two wrote. “Otherwise, we risk losing this moment of opportunity, Reuters reports.

The United States has come under fire for what critics see as different reactions to conflicts in Libya, where NATO forces have been pounding Libyian leader Muammar Gaddafi’s compound in Tripoli, and Syria, where the American response has been much more muted.

Clinton and Geithner reiterated their commitment to a debt swap arrangement for Egypt, and called on their G8 counterparts to undertake similar measures.
“A debt swap will enable Egypt to channel its debt payments toward underwriting swift, sustainable job creation,” the letter said.