Egyptian youth to found new opposition political party

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The Egyptian youth movement plans to found its own opposition party to “preserve the achievements” of nearly two weeks of the anti-government protests.

The party demands holding constitutional reforms in Egypt, forming a transitional government, releasing political prisoners and abolishing court-martials for civilians, ending the state of emergency and ensuring democratic freedoms.

The party’s emblem and possible candidates for its leadership are available on Facebook.

The movement’s main demand is the end to the nearly 30-year rule of President Hosni Mubarak, whose wealth is estimated by Middle East experts at some $70 billion in secret bank accounts.

Mubarak, 82, vowed to step down when his term of office ends in September. His son Gamal quit the leadership of Egypt’s ruling party on Saturday, dismissing the concerns of a possible succession scenario.

The Egyptian authorities have pledged to carry out a constitutional reform, revise the results of the controversial parliamentary elections, investigate the notorious corruption scandals and make the social and economic issues a priority in policies.

Many protesters at the Egyptian capital’s Tahrir Square, the main focus of anti-Mubarak riots, believe these steps have signaled the government’s readiness to start serious talks and return to normal life.

Ria Novosti

RIA Novosti was Russia's leading news agency in terms of multimedia technologies, website audience reach and quoting by the Russian media.

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