EU’s Ashton Seeks Consensus In Egypt On Economy And Reform

The European Union’s foreign policy chief met Egyptian President Mohamed Morsi on Sunday to encourage the country’s feuding political leaders to seek a national consensus in tackling mounting economic and political problems

This is a critical time for Egypt’s transition. The country is facing huge economic and political challenges,” Catherine Ashton said in a statement before the talks.

Her visit comes as Egypt is in the midst of long-delayed negotiations with the International Monetary Fund on a $4.8 billion loan needed to cope with a growing economic crisis.

More than ever, Europe – as a partner and neighbor – has to support Egypt in its move towards deep and inclusive democracy. I will work hard in Cairo to engage with all parties to help build confidence and find common ground on both political and economic issues,” Ashton said

She was due to meet six main opposition leaders later but EU diplomats said the prospect of a dialogue between the Muslim Brotherhood-led government and its liberal and leftist opponents had dimmed after recent political violence.

The opposition accuses Morsi of seeking to monopolize power and muzzle independent media and civil society using the public prosecutor, the security forces and a controversial draft law to regulate non-government organizations.

EU officials have said that if Egypt reaches a deal with the IMF, it can expect an additional $500 million in financial support from the EU and a similar amount from the United States

Reuters