02 February 2011

tanks, bowties and banking standstill - Jon Snow in Cairo

UK's Channel 4 News is in Egypt, with International Editor Lindsey Hilsum reporting from Alexandria and others from Cairo.

Jon Snow writes from Cairo:
I have had the surreal experience of entering Egypt’s Finance Ministry. A grand white marble structure ringed with palm trees. Drawn up outside are not only tanks but rows and rows of bulletproof security trucks that are usually used to cart cash around the country. But there is no cash. The banks are closed. Shutting down the internet and mobile phones has not only disrupted the protesters’ communication it has bought banking to a complete standstill. Egypt is now not only in political crisis, but financial crisis too.

I went up to the 16th floor in the Finance Ministry to interview the new Minister of Finance Samir Radwan. We were greeted by men in bowties and dinner jackets. The elegant secretary in the outer office was clad in Gucci black. The minister himself is a delightful intellectual with no previous political experience. He is in fact Egypt’s leading academic on unemployment, poverty and regeneration. He is perhaps Mubarak’s only appointment who actually knows how to handle his portfolio.

Channel 4 is also providing live video and a liveblog feed at http://www.channel4.com/news/live-blog-egypt-protests-a-million-march-against-mubarak and, true to the embedded info in that link, it does look like a million people in the streets.

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