Later in the morning, France, Great Britain, and Germany released a joint statement calling on Egypt to implement major reforms and hold free elections. Up until this point, most Western powers had remained very ambiguous as to picking a side.
All day, neighborhood vigilante militias apprehended, beat, and then turned over looters to the army soldiers on standby around important government buildings. The biggest problem with the militias was their lack of coordination. Remarkably, the same group of young men, intellectuals and lawyers, who organized the initial protests so successfully over Twitter and Facebook, worked with the army to coordinate the militias.
Violent protests in Port Said and in Suez have caused turmoil on the stock market. The two port cities lie on each end of the Suez Canal, through which a vast majority of the West oil supply passes. Disruption of the traffic on the Suez Canal would have dramatic consequences on the price of fuel and on Western economies.
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