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Office rents in Israel stay firm - for now
Our location is the most central in the country, so I am not afraid to plan and build four more buildings".
Naimi says that the first building to be occupied, with an area of 35,000 square meters, "Is mostly marketed and there is already set to be occupancy." The first company to move in as early as January is Audicodes, which has leased 10,500 square meters and is implementing finishing works. "In March-April, additional companies will enter. Sheba Medical Center Tel Hashomer will also enter there and leased 2,600 square meters and will increase to 5,300 square meters," he says.
Ben Zvi Klein thinks that as in other crises, when the crisis breaks everything halts but then we see buds of everything returning to work. But he also adds that volumes are low but no different than before the war.
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take.
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15901
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Office rents in Israel stay firm - for now
The first company to move in as early as January is Audicodes, which has leased 10,500 square meters and is implementing finishing works. "In March-April, additional companies will enter. Sheba Medical Center Tel Hashomer will also enter there and leased 2,600 square meters and will increase to 5,300 square meters," he says.
Ben Zvi Klein thinks that as in other crises, when the crisis breaks everything halts but then we see buds of everything returning to work. But he also adds that volumes are low but no different than before the war.
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take. It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices.
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15902
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Office rents in Israel stay firm - for now
"In March-April, additional companies will enter. Sheba Medical Center Tel Hashomer will also enter there and leased 2,600 square meters and will increase to 5,300 square meters," he says.
Ben Zvi Klein thinks that as in other crises, when the crisis breaks everything halts but then we see buds of everything returning to work. But he also adds that volumes are low but no different than before the war.
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take. It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected.
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15903
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Office rents in Israel stay firm - for now
Sheba Medical Center Tel Hashomer will also enter there and leased 2,600 square meters and will increase to 5,300 square meters," he says.
Ben Zvi Klein thinks that as in other crises, when the crisis breaks everything halts but then we see buds of everything returning to work. But he also adds that volumes are low but no different than before the war.
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take. It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
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15904
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Office rents in Israel stay firm - for now
But he also adds that volumes are low but no different than before the war.
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take. It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering.
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15905
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Office rents in Israel stay firm - for now
Ben Zvi Klein says, ""In the first two weeks of the war, people were in the market but the market was at a standstill and once again people started to wonder, what will happen now and where are we going and how long will it take. It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies.
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15906
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Office rents in Israel stay firm - for now
It reminded me of the feeling during Covid, when there were ghost offices and nothing was happening. As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand.
|
15907
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Office rents in Israel stay firm - for now
As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot.
|
15908
|
Office rents in Israel stay firm - for now
As time goes by, people come back to the offices. They really want to leave home and get to work. Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
|
15909
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Office rents in Israel stay firm - for now
Most offices have emergency shelters, and relative to residential areas, most of them are protected. I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
|
15910
|
Office rents in Israel stay firm - for now
I live in Tel Aviv and during the fighting, when schools were closed, my children came with me to the office, because there is a shelter there and the house only has a stairwell.
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most.
|
15911
|
Office rents in Israel stay firm - for now
"In the last three weeks, we feel that the market is returning to activity - but we entered this war when the office market was already stuttering. There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment.
|
15912
|
Office rents in Israel stay firm - for now
There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop.
|
15913
|
Office rents in Israel stay firm - for now
There were no huge deals, because there are no huge hiring in high-tech or big deals of tens of thousands of meters for the big companies. There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
|
15914
|
Office rents in Israel stay firm - for now
There are small and medium-sized deals. There are quite a few inquiries from high-tech and service companies looking for 1,000-2,000 square meters who want to expand. We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past.
|
15915
|
Office rents in Israel stay firm - for now
We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid.
|
15916
|
Office rents in Israel stay firm - for now
We have such inquiries in Haifa, Tel Aviv and Rehovot. There is some revival in the market, but property owners have not cut rents."
Companies subletting are under pressure
So if there is huge supply and a fall in demand for offices, why aren't rents falling?
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter.
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15917
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Office rents in Israel stay firm - for now
Amosi says, "The prices have fallen by about 10% at most. Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022.
|
15918
|
Office rents in Israel stay firm - for now
Those cutting rents are those who bought buildings in purchase groups like BSR City where many individuals bought as a profitable investment. The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
|
15919
|
Office rents in Israel stay firm - for now
The construction of the building is finished and suddenly the payments such as management fees, mortgage and property taxes drop. In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
"We have been living here for years with fighting in the background.
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15920
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Office rents in Israel stay firm - for now
In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
"We have been living here for years with fighting in the background. If the war continues, people may want to break a contract.
|
15921
|
Office rents in Israel stay firm - for now
In such cases there are people who are thinking of selling, and in these places we may see a drop in prices."
Ben Zvi Klein says that prices won't go down because people have learned lessons from the past. He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
"We have been living here for years with fighting in the background. If the war continues, people may want to break a contract. As the economy returns to work because kindergartens and schools are opening, there is a general feeling of an economy returning to normal alongside the war, and it is possible to start going to work.
|
15922
|
Office rents in Israel stay firm - for now
He says, "Everyone was burned by Covid. A property owner who gave a discount at the beginning of Covid realized this by the end of Covid, when the office opposite the one leased out at a discount of NIS 100 per square meter was being rented out for NIS 140 per square meter. The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
"We have been living here for years with fighting in the background. If the war continues, people may want to break a contract. As the economy returns to work because kindergartens and schools are opening, there is a general feeling of an economy returning to normal alongside the war, and it is possible to start going to work. After Covid, there was talk about what would happen and whether people would return to work and in the end everyone returned to work from the office.
|
15923
|
Office rents in Israel stay firm - for now
The property owners are not under pressure because they rented most of their space during the peak periods of 2021-2022. Those who are under pressure may be companies that are trying to sublet their properties and here we see attractiveness in prices for fully furnished properties.
"We have been living here for years with fighting in the background. If the war continues, people may want to break a contract. As the economy returns to work because kindergartens and schools are opening, there is a general feeling of an economy returning to normal alongside the war, and it is possible to start going to work. After Covid, there was talk about what would happen and whether people would return to work and in the end everyone returned to work from the office. I am optimistic about the office market in the future."
Published by Globes, Israel business news - en.globes.co.il - on December 3, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
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15924
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The war between Israel and Hamas has turned the spotlight on Egypt’s role as a regional powerbroker, potentially winning it Western support as it tries to escape a grinding economic crisis.
With long-held ties to Israel and a border with Gaza, Egypt’s stance is shaping up as key to the fate of any refugees and a sustained flow of aid for the besieged territory’s 2 million residents after Israel cut off crucial supplies in response to Hamas’s deadly Oct. 7 assault.
That opens up opportunities for the most populous Arab nation as it wrestles with its worst economic outlook in decades and President Abdel-Fattah El-Sisi prepares for elections in less than two months’ time. A host of domestic and regional considerations, however, are seen ruling out any refugee deal.
The Israeli government has spoken to counterparts in several countries about Egypt temporarily housing Palestinians fleeing the violence in Gaza, according to officials with knowledge of the matter.
|
15925
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The war between Israel and Hamas has turned the spotlight on Egypt’s role as a regional powerbroker, potentially winning it Western support as it tries to escape a grinding economic crisis.
With long-held ties to Israel and a border with Gaza, Egypt’s stance is shaping up as key to the fate of any refugees and a sustained flow of aid for the besieged territory’s 2 million residents after Israel cut off crucial supplies in response to Hamas’s deadly Oct. 7 assault.
That opens up opportunities for the most populous Arab nation as it wrestles with its worst economic outlook in decades and President Abdel-Fattah El-Sisi prepares for elections in less than two months’ time. A host of domestic and regional considerations, however, are seen ruling out any refugee deal.
The Israeli government has spoken to counterparts in several countries about Egypt temporarily housing Palestinians fleeing the violence in Gaza, according to officials with knowledge of the matter. Israel has suggested they could be moved to tent camps in the Sinai Peninsula — funded by the United Nations and the US — and then returned once military operations end, said the people.
|
15926
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
With long-held ties to Israel and a border with Gaza, Egypt’s stance is shaping up as key to the fate of any refugees and a sustained flow of aid for the besieged territory’s 2 million residents after Israel cut off crucial supplies in response to Hamas’s deadly Oct. 7 assault.
That opens up opportunities for the most populous Arab nation as it wrestles with its worst economic outlook in decades and President Abdel-Fattah El-Sisi prepares for elections in less than two months’ time. A host of domestic and regional considerations, however, are seen ruling out any refugee deal.
The Israeli government has spoken to counterparts in several countries about Egypt temporarily housing Palestinians fleeing the violence in Gaza, according to officials with knowledge of the matter. Israel has suggested they could be moved to tent camps in the Sinai Peninsula — funded by the United Nations and the US — and then returned once military operations end, said the people. It’s unclear if Israel has put the idea directly to Egypt.
|
15927
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
7 assault.
That opens up opportunities for the most populous Arab nation as it wrestles with its worst economic outlook in decades and President Abdel-Fattah El-Sisi prepares for elections in less than two months’ time. A host of domestic and regional considerations, however, are seen ruling out any refugee deal.
The Israeli government has spoken to counterparts in several countries about Egypt temporarily housing Palestinians fleeing the violence in Gaza, according to officials with knowledge of the matter. Israel has suggested they could be moved to tent camps in the Sinai Peninsula — funded by the United Nations and the US — and then returned once military operations end, said the people. It’s unclear if Israel has put the idea directly to Egypt.
“Clearly the hope on Israel and the US’s side had been that Egypt would accept economic incentives, at a time when it is suffering an economic crisis, to allow Gazans into Egypt,” said Mirette Mabrouk, director of the Egypt program at the Washington-based Middle East Institute.
|
15928
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
A host of domestic and regional considerations, however, are seen ruling out any refugee deal.
The Israeli government has spoken to counterparts in several countries about Egypt temporarily housing Palestinians fleeing the violence in Gaza, according to officials with knowledge of the matter. Israel has suggested they could be moved to tent camps in the Sinai Peninsula — funded by the United Nations and the US — and then returned once military operations end, said the people. It’s unclear if Israel has put the idea directly to Egypt.
“Clearly the hope on Israel and the US’s side had been that Egypt would accept economic incentives, at a time when it is suffering an economic crisis, to allow Gazans into Egypt,” said Mirette Mabrouk, director of the Egypt program at the Washington-based Middle East Institute.
Yet “there is little to no constituency for going against decades of policy on not allowing Palestinian displacement,” she said, while the inducements “might wind up becoming a political liability, especially in an election year.”
All the same, multiple economists, bankers and investors Bloomberg spoke with this month in Morocco during annual meetings of the International Monetary Fund and the World Bank saw Egypt as likely to receive some economic backing, whatever its refugee stance.
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15929
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Israel has suggested they could be moved to tent camps in the Sinai Peninsula — funded by the United Nations and the US — and then returned once military operations end, said the people. It’s unclear if Israel has put the idea directly to Egypt.
“Clearly the hope on Israel and the US’s side had been that Egypt would accept economic incentives, at a time when it is suffering an economic crisis, to allow Gazans into Egypt,” said Mirette Mabrouk, director of the Egypt program at the Washington-based Middle East Institute.
Yet “there is little to no constituency for going against decades of policy on not allowing Palestinian displacement,” she said, while the inducements “might wind up becoming a political liability, especially in an election year.”
All the same, multiple economists, bankers and investors Bloomberg spoke with this month in Morocco during annual meetings of the International Monetary Fund and the World Bank saw Egypt as likely to receive some economic backing, whatever its refugee stance. The crisis has reminded global players of the North African nation’s status as a regional linchpin, entrenching the idea it’s too big to fail.
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15930
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
It’s unclear if Israel has put the idea directly to Egypt.
“Clearly the hope on Israel and the US’s side had been that Egypt would accept economic incentives, at a time when it is suffering an economic crisis, to allow Gazans into Egypt,” said Mirette Mabrouk, director of the Egypt program at the Washington-based Middle East Institute.
Yet “there is little to no constituency for going against decades of policy on not allowing Palestinian displacement,” she said, while the inducements “might wind up becoming a political liability, especially in an election year.”
All the same, multiple economists, bankers and investors Bloomberg spoke with this month in Morocco during annual meetings of the International Monetary Fund and the World Bank saw Egypt as likely to receive some economic backing, whatever its refugee stance. The crisis has reminded global players of the North African nation’s status as a regional linchpin, entrenching the idea it’s too big to fail.
Egypt, which reached a deal with the IMF in December, is already in talks on boosting that rescue program to over $5 billion from $3 billion, people familiar with the discussions told Bloomberg this month.
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15931
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Yet “there is little to no constituency for going against decades of policy on not allowing Palestinian displacement,” she said, while the inducements “might wind up becoming a political liability, especially in an election year.”
All the same, multiple economists, bankers and investors Bloomberg spoke with this month in Morocco during annual meetings of the International Monetary Fund and the World Bank saw Egypt as likely to receive some economic backing, whatever its refugee stance. The crisis has reminded global players of the North African nation’s status as a regional linchpin, entrenching the idea it’s too big to fail.
Egypt, which reached a deal with the IMF in December, is already in talks on boosting that rescue program to over $5 billion from $3 billion, people familiar with the discussions told Bloomberg this month.
It’s possible the IMF’s key shareholders in the US and Europe may pressure the Washington-based lender to soften its requirements and move ahead with the program despite Cairo’s slow pace of reforms, according to Riccardo Fabiani, project director for North Africa with Crisis Group.
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15932
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The crisis has reminded global players of the North African nation’s status as a regional linchpin, entrenching the idea it’s too big to fail.
Egypt, which reached a deal with the IMF in December, is already in talks on boosting that rescue program to over $5 billion from $3 billion, people familiar with the discussions told Bloomberg this month.
It’s possible the IMF’s key shareholders in the US and Europe may pressure the Washington-based lender to soften its requirements and move ahead with the program despite Cairo’s slow pace of reforms, according to Riccardo Fabiani, project director for North Africa with Crisis Group.
That’s also because the current conflict serves to highlight the growing instability on all sides of Egypt, in Libya, Sudan and now in Gaza. It confronts the US and Europe with the need to ensure that “Cairo remains a stable and reliable partner in the area” that “deserves external support,” Fabiani said.
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15933
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'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The crisis has reminded global players of the North African nation’s status as a regional linchpin, entrenching the idea it’s too big to fail.
Egypt, which reached a deal with the IMF in December, is already in talks on boosting that rescue program to over $5 billion from $3 billion, people familiar with the discussions told Bloomberg this month.
It’s possible the IMF’s key shareholders in the US and Europe may pressure the Washington-based lender to soften its requirements and move ahead with the program despite Cairo’s slow pace of reforms, according to Riccardo Fabiani, project director for North Africa with Crisis Group.
That’s also because the current conflict serves to highlight the growing instability on all sides of Egypt, in Libya, Sudan and now in Gaza. It confronts the US and Europe with the need to ensure that “Cairo remains a stable and reliable partner in the area” that “deserves external support,” Fabiani said.
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
|
15934
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Egypt, which reached a deal with the IMF in December, is already in talks on boosting that rescue program to over $5 billion from $3 billion, people familiar with the discussions told Bloomberg this month.
It’s possible the IMF’s key shareholders in the US and Europe may pressure the Washington-based lender to soften its requirements and move ahead with the program despite Cairo’s slow pace of reforms, according to Riccardo Fabiani, project director for North Africa with Crisis Group.
That’s also because the current conflict serves to highlight the growing instability on all sides of Egypt, in Libya, Sudan and now in Gaza. It confronts the US and Europe with the need to ensure that “Cairo remains a stable and reliable partner in the area” that “deserves external support,” Fabiani said.
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
|
15935
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
That’s also because the current conflict serves to highlight the growing instability on all sides of Egypt, in Libya, Sudan and now in Gaza. It confronts the US and Europe with the need to ensure that “Cairo remains a stable and reliable partner in the area” that “deserves external support,” Fabiani said.
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
|
15936
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
That’s also because the current conflict serves to highlight the growing instability on all sides of Egypt, in Libya, Sudan and now in Gaza. It confronts the US and Europe with the need to ensure that “Cairo remains a stable and reliable partner in the area” that “deserves external support,” Fabiani said.
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders.
|
15937
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call.
|
15938
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
There was evidence of that international focus on Saturday when El-Sisi hosted what’s billed as a “Summit for Peace” in Cairo, with Middle East and European leaders in attendance.
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
|
15939
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Diplomatic Onslaught
The recent flurry of diplomacy centered on Cairo has marked something of a return to Egypt’s traditional role figuring prominently in every discussion over power politics across the region in the latter half of the 20th century.
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
|
15940
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
It rallied Arab forces and led the 1973 attack on Israel that triggered the Yom Kippur war, before the two countries signed a peace treaty and established full diplomatic relations in 1980, going on to become strategic allies.
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year.
|
15941
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
|
15942
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
In the days since Hamas, which the US and Europe designate a terrorist group, launched its attack on Israel, El-Sisi has been courted by a succession of world leaders. US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza.
|
15943
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
US President Joe Biden reaffirmed the two countries’ “enduring, strategic partnership” in a call. Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert.
|
15944
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Visiting Chancellor Olaf Scholz praised German-Egyptian unity in working to prevent a Middle East “conflagration.” Chinese President Xi Jinping met Egyptian Prime Minister Mostafa Madbouly in Beijing.
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
|
15945
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya.
|
15946
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The war “underscores the important role Egypt has always played vis-a-vis security in and around Gaza,” said Robert Satloff, executive director at The Washington Institute for Near East Policy.
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
|
15947
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
That’s not lost on European governments that woke up to Egypt’s importance as a regional gas producer after Vladimir Putin’s invasion of Ukraine last year. European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza.
|
15948
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
European officials visited to assess Egypt’s potential as a gas supplier — with Israel’s help — to supplant at least some Russian supplies.
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza. That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
|
15949
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Those same governments are now courting El-Sisi for help in alleviating the pressure on Gaza. But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza. That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff.
|
15950
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
But he has rejected any suggestion Egypt host Gazan refugees, suggesting Israel should instead take in Palestinians to its Negev desert. “They can transport Palestinians there until Israel implements its announced plan to destroy Hamas,” he said Wednesday.
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza. That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
|
15951
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Egypt already hosts some 9 million refugees and other migrants from countries including Syria, Sudan, Yemen and Libya. Opening a route for Palestinians may also present a new security risk in the Sinai peninsula, where the army has only just managed to get a handle on its fight with Islamist militants.
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza. That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
|
15952
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Jordan has also refused to accept more Palestinians and it’s unlikely Egypt would become a regional exception and take in refugees many suspect may never be let back into Gaza. That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war.
|
15953
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
That would risk being seen in the Arab world as facilitating another mass displacement and betraying the Palestinian cause all Arab countries vocally espouse.
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate.
|
15954
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate.
Replicating that scenario would be difficult though.
|
15955
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Also, while Egypt could absorb a certain number of people, the domestic political consequences would be “huge,” said the Washington Institute’s Satloff. “The political leadership considers this a red line not to be crossed and would prefer to face worsening financial distress than accept a significant number of refugees.”
There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate.
Replicating that scenario would be difficult though. Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk.
|
15956
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war.
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate.
Replicating that scenario would be difficult though. Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk.
Not so today, not least because Egypt’s commitment would not be comparable with its burden in 1991 when it was the second-largest source of manpower in the US-led coalition, and so it couldn’t expect anything like a similar level of economic assistance, Satloff said.
|
15957
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate.
Replicating that scenario would be difficult though. Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk.
Not so today, not least because Egypt’s commitment would not be comparable with its burden in 1991 when it was the second-largest source of manpower in the US-led coalition, and so it couldn’t expect anything like a similar level of economic assistance, Satloff said.
Way Out
One way out of the dilemma may be for Egypt to offer Saudi Arabia a role co-leading the Palestinian issue for the Arab world in return for financial support, according to strategists.
|
15958
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Egypt also sent armed forces to participate.
Replicating that scenario would be difficult though. Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk.
Not so today, not least because Egypt’s commitment would not be comparable with its burden in 1991 when it was the second-largest source of manpower in the US-led coalition, and so it couldn’t expect anything like a similar level of economic assistance, Satloff said.
Way Out
One way out of the dilemma may be for Egypt to offer Saudi Arabia a role co-leading the Palestinian issue for the Arab world in return for financial support, according to strategists. Crown Prince Mohammed bin Salman, aware of domestic anger at Israel, might welcome such an initiative to strengthen his regional profile, though he was absent from Saturday’s summit.
|
15959
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk.
Not so today, not least because Egypt’s commitment would not be comparable with its burden in 1991 when it was the second-largest source of manpower in the US-led coalition, and so it couldn’t expect anything like a similar level of economic assistance, Satloff said.
Way Out
One way out of the dilemma may be for Egypt to offer Saudi Arabia a role co-leading the Palestinian issue for the Arab world in return for financial support, according to strategists. Crown Prince Mohammed bin Salman, aware of domestic anger at Israel, might welcome such an initiative to strengthen his regional profile, though he was absent from Saturday’s summit.
The fluid situation may offer Egypt other opportunities to take a mediating role that could be rewarded, Crisis Group’s Fabiani said.
|
15960
|
'Too big to fail' Egypt faces economic crisis but has an anti-Gaza refugee policy. Israel and the U.S. hope that will change
Not so today, not least because Egypt’s commitment would not be comparable with its burden in 1991 when it was the second-largest source of manpower in the US-led coalition, and so it couldn’t expect anything like a similar level of economic assistance, Satloff said.
Way Out
One way out of the dilemma may be for Egypt to offer Saudi Arabia a role co-leading the Palestinian issue for the Arab world in return for financial support, according to strategists. Crown Prince Mohammed bin Salman, aware of domestic anger at Israel, might welcome such an initiative to strengthen his regional profile, though he was absent from Saturday’s summit.
The fluid situation may offer Egypt other opportunities to take a mediating role that could be rewarded, Crisis Group’s Fabiani said.
For now, Egypt will try to play a constructive part “in the hope that its contribution will be acknowledged by its international and regional partners and potentially rewarded economically,” he said.
|
15961
|
Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy notice Thanks for signing up to the
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They sang the name of Erik ten Hag’s predecessor. Not in a gesture of dissent, but as a reminder of a time when Manchester United were Europe’s best and an evening without which a certain Norwegian would never have become their manager two decades later. After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management.
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15962
|
Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Read our privacy notice Thanks for signing up to the
Football email {{ #verifyErrors }} {{ message }} {{ /verifyErrors }} {{ ^verifyErrors }} Something went wrong. Please try again later {{ /verifyErrors }}
They sang the name of Erik ten Hag’s predecessor. Not in a gesture of dissent, but as a reminder of a time when Manchester United were Europe’s best and an evening without which a certain Norwegian would never have become their manager two decades later. After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
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15963
|
Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
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They sang the name of Erik ten Hag’s predecessor. Not in a gesture of dissent, but as a reminder of a time when Manchester United were Europe’s best and an evening without which a certain Norwegian would never have become their manager two decades later. After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
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They sang the name of Erik ten Hag’s predecessor. Not in a gesture of dissent, but as a reminder of a time when Manchester United were Europe’s best and an evening without which a certain Norwegian would never have become their manager two decades later. After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Please try again later {{ /verifyErrors }}
They sang the name of Erik ten Hag’s predecessor. Not in a gesture of dissent, but as a reminder of a time when Manchester United were Europe’s best and an evening without which a certain Norwegian would never have become their manager two decades later. After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
After all, who put the ball in the Germans’ net? Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Ole Gunnar Solskjaer. But that was a different millennium, a different United. Nostalgia underpinned Solskjaer’s management. Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Ten Hag cannot call upon his personal history in such a way; the Champions League final he almost reached was with Ajax. His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
His past does not offer the protection that means his name will always be sung at Old Trafford.
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
And, 24 years after Solskjaer’s stunning intervention, another United Champions League campaign finished against Bayern Munich. Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Not in glory, but ignominy. Like Solskjaer, Kingsley Coman has a winner in a Champions League final; this time the winger finished off United, condemning them to a seventh home defeat of the season. In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
In a sense, it may have been the most respectable: United were vaguely competent on the night, but utterly incompetent over the course of a wretched campaign.
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
There was no hint of a repeat of their most famous comeback against Bayern, ensuring Solskjaer’s name will forever be bracketed with Teddy Sheringham’s. There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
There was not even the sense of heroic failure that accompanied their quarter-final exit to Bayern in 2010. There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
There was just crushing failure. Because it wasn’t Bayern who eliminated them. It was Galatasaray, who won at Old Trafford and scored six goals over 180 minutes against United. It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
It was FC Copenhagen, who qualified instead of them. Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
Yet a rookie centre-forward is not the culprit in chief.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Rasmus Hojlund’s former club will be in the last 16. His current one won’t. Copenhagen will be the anomalies in the draw, the outsiders with the spot that had seemed reserved for United.
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
Yet a rookie centre-forward is not the culprit in chief. For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Manchester United’s defeat means they miss out on a spot in the Europa League (PA)
Instead, they are cast out of continental competition altogether. Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
Yet a rookie centre-forward is not the culprit in chief. For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Europe’s sinking superpower have become just the fourth English team to prop up a Champions League group when it concluded. There was something predictable about the manner of their demise; their defence was unlocked by Harry Kane, with a lovely flick. The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
Yet a rookie centre-forward is not the culprit in chief. For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final. Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
The England captain is the forward United neglected to bid for in the summer. The one they did buy, Hojlund, has at least struck in the Champions League but in domestic competitions he has been outscored 18-0 by Kane.
Yet a rookie centre-forward is not the culprit in chief. For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final. Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern. Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Yet a rookie centre-forward is not the culprit in chief. For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final. Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern. Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
For Ten Hag, this has been a chastening setback; with Sir Jim Ratcliffe set to finalise his investment, with United listing in the Premier League, the chances are the Dutchman has managed them in the Champions League for the last time.
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final. Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern. Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle. They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Go back four years and it required a 96th minute goal by Lucas Moura to stop him from reaching the final. Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern. Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle. They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray. But they still lost.
Harry Maguire’s injury forced him off the pitch as 36-year-old Jonny Evans replaced him (EPA)
And they still went out, with four points, in fourth place.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Now the less heralded Lukas Lerager signalled United’s demise, putting Copenhagen ahead against Galatasaray when United needed a draw to preserve their own chances of qualification; that, and a victory over Bayern. Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle. They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray. But they still lost.
Harry Maguire’s injury forced him off the pitch as 36-year-old Jonny Evans replaced him (EPA)
And they still went out, with four points, in fourth place. Go back a couple of months and Raphael Varane had said United could win the Champions League.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Which, as the German champions have not lost in 40 group-stage games in this competition and United have not beaten anyone resembling a top team this season, always felt unlikely.
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle. They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray. But they still lost.
Harry Maguire’s injury forced him off the pitch as 36-year-old Jonny Evans replaced him (EPA)
And they still went out, with four points, in fourth place. Go back a couple of months and Raphael Varane had said United could win the Champions League. On a night when Ten Hag seemed to revise his opinion of the quadruple Champions League winner, the defender may need a rethink. Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
This was far from their worst performance of the season, nowhere near as bad as Bournemouth or Crystal Palace or Newcastle, or the other defeat to Newcastle. They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray. But they still lost.
Harry Maguire’s injury forced him off the pitch as 36-year-old Jonny Evans replaced him (EPA)
And they still went out, with four points, in fourth place. Go back a couple of months and Raphael Varane had said United could win the Champions League. On a night when Ten Hag seemed to revise his opinion of the quadruple Champions League winner, the defender may need a rethink. Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
They were not as self-destructive as they had been in Denmark and Turkey and at home to Galatasaray. But they still lost.
Harry Maguire’s injury forced him off the pitch as 36-year-old Jonny Evans replaced him (EPA)
And they still went out, with four points, in fourth place. Go back a couple of months and Raphael Varane had said United could win the Champions League. On a night when Ten Hag seemed to revise his opinion of the quadruple Champions League winner, the defender may need a rethink. Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner. He performed with an assurance to make his omission all the odder, but it has scarcely been the only U-turn in selection; with Harry Maguire and Scott McTominay, Ten Hag is compiling a group who were first out of his plans and then back in.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Go back a couple of months and Raphael Varane had said United could win the Champions League. On a night when Ten Hag seemed to revise his opinion of the quadruple Champions League winner, the defender may need a rethink. Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner. He performed with an assurance to make his omission all the odder, but it has scarcely been the only U-turn in selection; with Harry Maguire and Scott McTominay, Ten Hag is compiling a group who were first out of his plans and then back in. For a manager who likes to project an image of strong, decisiveness leadership, he has had to reverse course rather too often. But then his team are going backwards.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Go back a couple of months and Raphael Varane had said United could win the Champions League. On a night when Ten Hag seemed to revise his opinion of the quadruple Champions League winner, the defender may need a rethink. Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner. He performed with an assurance to make his omission all the odder, but it has scarcely been the only U-turn in selection; with Harry Maguire and Scott McTominay, Ten Hag is compiling a group who were first out of his plans and then back in. For a manager who likes to project an image of strong, decisiveness leadership, he has had to reverse course rather too often. But then his team are going backwards.
When Coman scored, United became the first Premier League side to concede 15 goals in a Champions League group stage.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Instead, United won a lone game in it and even that required a penalty save to deny FC Copenhagen a draw.
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner. He performed with an assurance to make his omission all the odder, but it has scarcely been the only U-turn in selection; with Harry Maguire and Scott McTominay, Ten Hag is compiling a group who were first out of his plans and then back in. For a manager who likes to project an image of strong, decisiveness leadership, he has had to reverse course rather too often. But then his team are going backwards.
When Coman scored, United became the first Premier League side to concede 15 goals in a Champions League group stage. When Maguire hobbled off, holding his groin, and Evans came on, United had a man who played in United’s 2007-08 Champions League-winning campaign, dragooned into service 16 years later.
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Erik ten Hag could pay the price for Manchester United’s incompetent Champions League campaign
Varane was summoned from his inexplicable exile, after a 10-game absence when both Luke Shaw and Jonny Evans were preferred at centre-back to a World Cup winner. He performed with an assurance to make his omission all the odder, but it has scarcely been the only U-turn in selection; with Harry Maguire and Scott McTominay, Ten Hag is compiling a group who were first out of his plans and then back in. For a manager who likes to project an image of strong, decisiveness leadership, he has had to reverse course rather too often. But then his team are going backwards.
When Coman scored, United became the first Premier League side to concede 15 goals in a Champions League group stage. When Maguire hobbled off, holding his groin, and Evans came on, United had a man who played in United’s 2007-08 Champions League-winning campaign, dragooned into service 16 years later. They will always have the past at Old Trafford, but Evans may be consigned to it; perhaps, in time, Ten Hag, too.
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McRae reveals hidden message he carried under collar of his grand final shirt
Adams and McStay – who arrived from the Lions in the off-season as an unrestricted free agent – leaned on each other to cope with the difficult moment, and needed some privacy to deal with their personal misfortune before they could share in the team’s raucous celebrations. McStay may need as many as eight weeks to recover from the high-grade medial collateral ligament strain he suffered in the club’s preliminary final win. Collingwood’s injured recruit Dan McStay at training before the grand final. Credit: Eddie Jim “We shed a few tears and a bit of emotion, then we brushed it off and said, ‘Let’s get on with it and go celebrate with the boys’. It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
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McRae reveals hidden message he carried under collar of his grand final shirt
Adams and McStay – who arrived from the Lions in the off-season as an unrestricted free agent – leaned on each other to cope with the difficult moment, and needed some privacy to deal with their personal misfortune before they could share in the team’s raucous celebrations. McStay may need as many as eight weeks to recover from the high-grade medial collateral ligament strain he suffered in the club’s preliminary final win. Collingwood’s injured recruit Dan McStay at training before the grand final. Credit: Eddie Jim “We shed a few tears and a bit of emotion, then we brushed it off and said, ‘Let’s get on with it and go celebrate with the boys’. It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
Nathan Murphy, who took no further part in the grand final after being concussed in a clash with Brisbane’s Linc McCarthy, spared a thought for all three players amid the post-match chaos.
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McRae reveals hidden message he carried under collar of his grand final shirt
McStay may need as many as eight weeks to recover from the high-grade medial collateral ligament strain he suffered in the club’s preliminary final win. Collingwood’s injured recruit Dan McStay at training before the grand final. Credit: Eddie Jim “We shed a few tears and a bit of emotion, then we brushed it off and said, ‘Let’s get on with it and go celebrate with the boys’. It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
Nathan Murphy, who took no further part in the grand final after being concussed in a clash with Brisbane’s Linc McCarthy, spared a thought for all three players amid the post-match chaos. “It was pretty emotional seeing them. You go from one high like myself to a low like theirs,” Murphy said.
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15997
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McRae reveals hidden message he carried under collar of his grand final shirt
Collingwood’s injured recruit Dan McStay at training before the grand final. Credit: Eddie Jim “We shed a few tears and a bit of emotion, then we brushed it off and said, ‘Let’s get on with it and go celebrate with the boys’. It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
Nathan Murphy, who took no further part in the grand final after being concussed in a clash with Brisbane’s Linc McCarthy, spared a thought for all three players amid the post-match chaos. “It was pretty emotional seeing them. You go from one high like myself to a low like theirs,” Murphy said. “You’ve got to put yourself in their shoes, and see that, but they’re so good.
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15998
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McRae reveals hidden message he carried under collar of his grand final shirt
Collingwood’s injured recruit Dan McStay at training before the grand final. Credit: Eddie Jim “We shed a few tears and a bit of emotion, then we brushed it off and said, ‘Let’s get on with it and go celebrate with the boys’. It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
Nathan Murphy, who took no further part in the grand final after being concussed in a clash with Brisbane’s Linc McCarthy, spared a thought for all three players amid the post-match chaos. “It was pretty emotional seeing them. You go from one high like myself to a low like theirs,” Murphy said. “You’ve got to put yourself in their shoes, and see that, but they’re so good. They’re turning it into a positive, and they’re just happy for everyone else’s success, so it’s awesome.” The trio’s grand final heartbreak sparked renewed debate about whether every player on the list should receive a premiership medallion, or at least those who played a certain number of games.
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McRae reveals hidden message he carried under collar of his grand final shirt
It was a great night,” Adams said. John Noble was another sad story, playing every game in the home-and-away season, only to be dropped for Collingwood’s qualifying final clash with Melbourne and never forcing his way back in.
Nathan Murphy, who took no further part in the grand final after being concussed in a clash with Brisbane’s Linc McCarthy, spared a thought for all three players amid the post-match chaos. “It was pretty emotional seeing them. You go from one high like myself to a low like theirs,” Murphy said. “You’ve got to put yourself in their shoes, and see that, but they’re so good. They’re turning it into a positive, and they’re just happy for everyone else’s success, so it’s awesome.” The trio’s grand final heartbreak sparked renewed debate about whether every player on the list should receive a premiership medallion, or at least those who played a certain number of games. First-year Magpie Oleg Markov has experienced both sides of the ledger.
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