AFRICA/EGYPT - Patriarch Tawadros tells his flock: buy state bonds to help the country

Saturday, 5 March 2016 area crisis  

Cairo (Agenzia Fides) – Egypt’s economy is on the verge of collapse for a series of factors including the drop in income connected with tourism, revolts in 2011, terrorist attacks, the Russian aircraft which crashed in the Sinai peninsula caused the sector to sink, bringing a loss of about six million tourists in five years. So too the Orthodox Copt Patriarch Tawadros II, in his most recent public intervention on Thursday 3 March, urged the faithful to shoulder the burden of the country’s present serious economic condition, asking citizens to put private financial resources in the form of investment, such as state bonds, to contribute to the economic recovery of Egypt.
The appeal by the Primate of the Copt Orthodox church was also addressed to Egyptian emigrants working abroad, who send money home making an essential contribution to the Egyptian economy in this stage of emergency. In his intervention, reported by the Egyptian media, Patriarch Tawadros reaffirmed also on behalf of the Copt Orthodox church, total support for Egypt’s present political leadership.
(GV) (Agenzia Fides 4/3/2016).