CAIRO: Egypt's January 25 Revolution did not have negative repercussions on the local economy, according to Cairo University economics professor Ahmed Ghonim. Ghoneim said that the abandonment of work and production for one month as a result of the revolution will not weaken the economy. He said the real crisis is in the management style and the unclear vision that postponed many significant calls for reform. Prime Minister Essam Sharaf's government satisfied the protesters in Tahrir Square by harming the economy, said Ghonim, saying the government raised the salaries of certain categories without connecting this action with the size of production. He also said that borrowing from outside is better than borrowing from internal financial institutes, as this could be a burden on Egypt's national banks. Ghonim also said the government must control unjustified high prices and the market.
