The people have won, Mubarak is gone. But the questions remain about where Egypt is headed.
Al Arabiya TV reported that the higher military council will sack the cabinet, suspend both houses of parliament and rule with the head of the supreme constitutional court.
Mubarak, Nasser, and Sadat – the past three leaders of Egypt – were all from the military. The people have had a positive relationship with the military through the protests, but that will change if they see they have empowered another dictatorship.
And what about Mubarak? His Swiss assets are frozen and he’s still in the country (although Sharm el-Sheikh is a resort town on the Egyptian periphery). He may get his wish to die on Egypt’s soil.
But maybe it will help the stock market and oil prices in the US, which respectively saw a dip and a rise as the crisis continued.