France loans Egypt 3.2B euros for Defense Deal: French U-Turn? | nsnbc international - 0 views
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Egyptian President Abdel Fatah Al-Sisi announced on Saturday that the French government of PM Francois Hollande has granted Egypt a 3.2 billion euro loan for deals about military equipment between the two nations. The development comes against the backdrop of an increasingly confident continental European, French – German-led policy that opposes primarily an US/UK driven policy of tension and terrorism in the MENA region and could signal a long-awaited departure from the destructive role France played in Libya. French Defense Minister Jean-Yves Le Drian visited Egypt in February with other French officials to sign a deal on the sale of 24 Rafale fighter jets, a naval frigate and related military equipment, reports The Cairo Post.
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Egypt has since also signed significant defense deals with Russia. Egypt’s Defense Minister Sedki Sobhi is currently in Russia to discuss further Russian – Egyptian defense cooperation in combating terrorism and the delivery of Russian MiG-35 jets to Egypt.
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French arms sales to Egypt are not unusual. What, according to some analysts, could suggest the beginning of a French U-Turn with regards to the French role in North Africa and Libya is that the administration of Francois Hollande cannot other than be cognizant of the fact that the French jets and naval vessels will strengthen an Egypt that struggles with countering the aftershocks of the 2011 “Arab Spring” in Egypt, in Libya, as well as in Syria.
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