the crisis is costing Egypt at least $310 million per day

I just wanna comment how stupid the Egyptian government dealing with the protest. Mubarak's stubbornness has made more people suffered. Hey, Mubarak, are you aware of the money you have wasted. Do you know that by spending  $310 million per day, you can feed millions people. The money can be used to help the poor to get education and health service. To help the unemployed start their first small business...shame on you..wasting such amount of money...I wish I was the leader..I would.........

Egypt protests – day of departure live updates | World news | guardian.co.uk

The investment bank, Credit Agricole, has put the cost to Egypt of the political crisis so far at at least $3.1 billion (£1.9), the Associated Press reports:

Credit Agricole, in one of the first assessments quantifying the damage to the economy, said the crisis is costing Egypt at least $310 million per day. The bank also revised down its forecast for 2011 GDP growth to 3.7% from 5.3% and said the Egyptian pound could see a depreciation of up to 20 percent...
Credit Agricole expects that Egypt's gross public debt to GDP will revert to 85% in 2011 and 97% by 2014, compared to earlier estimates of around 70% for the next three years. The budget deficit could reach 12.3% this year from an estimated 8.2%, the bank said.
The Egyptian pound could fall by as much as 20 percent relative to the U.S. dollar in the short-term, dragged down by a drop in investments and an increase in capital outflows, the report said. That would bring the pound down to about 7 pounds per dollar, based on the current exchange rate of around 5.85 pounds to the dollar.

via ScribeFire