Tuesday, February 8, 2011

Mubarak tries to alleviate agitation reforms

Egyptian President Hosni Mubarak, tried to buy time against the protesters who have demanded two weeks ago that he left office immediately, by announcing a 15% increase in salaries of civil servants and pensions. These increases, fully committed unprecedented protest movement sweeping the country since 25 January, will come into force next April first.

"The increases in pensions cost the Treasury six thousand 500 million Egyptian pounds (more than one billion dollars)," the Finance Minister Samir Radwane, as quoted by the agency Mena. The Government also approved the creation of a fund at the height of $ 840 million to compensate the owners of shops, factories and vehicles victims of robberies, looting and vandalism during demonstrations against the Mubarak regime.

But in Tahrir Square (Liberation) has become a symbol of protest in Cairo, was discontent with thousands of protesters hoping to change history.

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