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<blockquote data-quote="Silver Moon" data-source="post: 6244539" data-attributes="member: 8530">He says, &quot;That would not help Egypt, as the banks now claim that they own the majority of the canal rather than us, so higher fees would only line the pockets of the thieves.&nbsp;&nbsp; The Army of the Free Republic of Egypt wishes a retroactive renegotiation of the agreements.&nbsp; We are willing to accept that our King approved the construction that occurred between 1860 and 1869, and that we need to repay the original principal of the loans as well as a reasonable interest rate.&nbsp; But we do not accept the claimed seizure of the canal's ownership, started in 1875, for non-repayment of agreements which were designed by the foreign banks to bring about that very failure.&nbsp; Thieves should not be rewarded.&nbsp;&nbsp; You are correct in that with the deaths of King Hakar and his Grand Vizer, the two individuals most responsible for those agreements, should change things.&nbsp; Those individuals are no longer present.&nbsp; But will the international banking community even care?&quot;</blockquote>

[QUOTE="Silver Moon, post: 6244539, member: 8530"] He says, "That would not help Egypt, as the banks now claim that they own the majority of the canal rather than us, so higher fees would only line the pockets of the thieves. The Army of the Free Republic of Egypt wishes a retroactive renegotiation of the agreements. We are willing to accept that our King approved the construction that occurred between 1860 and 1869, and that we need to repay the original principal of the loans as well as a reasonable interest rate. But we do not accept the claimed seizure of the canal's ownership, started in 1875, for non-repayment of agreements which were designed by the foreign banks to bring about that very failure. Thieves should not be rewarded. You are correct in that with the deaths of King Hakar and his Grand Vizer, the two individuals most responsible for those agreements, should change things. Those individuals are no longer present. But will the international banking community even care?" [/QUOTE]

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