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Edition: U.S. Article Comments (0) Slideshow Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Latest House debt plan may lead to compromise 8:28am EDT British police arrest former Murdoch aide Rebekah Brooks: report 9:13am EDT Amid security, Anthony released from Florida jail 6:19am EDT J.Lo, Anthony fans tweet their feelings over split 16 Jul 2011 Flying sphere goes where humans fear to tread 14 Jul 2011 Discussed 121 Obama, lawmakers meet for 75 minutes on debt impasse 102 Obama and lawmakers regroup to seek debt deal 100 Obama asks lawmakers to gauge support for debt deal Watched Flying sphere goes where man fears to tread Thu, Jul 14 2011 Anthony a free woman 1:30am EDT Clinton arrives in Athens, Greece Sat, Jul 16 2011 Egypt changes finance minister in reshuffle Tweet Share this Email Print Factbox Egypt's new Finance Minister Hazem el-Beblawi 10:47am EDT Analysis & Opinion Berlusconi really must go Is the cabinet reshuffle merely cosmetic? Related Topics World » United Nations » Egypt » 1 of 2. Hazem el-Beblawi, the Executive Secretary of the Economic and Social Commission for Western Asia (ESCAW), speaks during an interview with Reuters in his office in Beirut in this September 29, 1998 file photo. Credit: Reuters/Jamal Saidi/Files By Edmund Blair CAIRO | Sun Jul 17, 2011 10:47am EDT CAIRO (Reuters) - Egypt picked a new finance minister on Sunday as part of a cabinet reshuffle demanded by protesters camped out in central Cairo, and the outgoing minister said policy-making had become "confused." Samir Radwan, the outgoing minister, will be replaced by Hazem el-Beblawi, who was picked on Saturday as an economic adviser and one of two deputies to Prime Minister Essam Sharaf. "Goodbye. The rest will soon follow," one Egyptian, Mohamed Essam, wrote on the cabinet's website. Another, Abou Hanafy, wrote on Twitter: "Let the season of resignations begin." Egyptians ended Hosni Mubarak's 30 years in power on February 11, but many are frustrated that the ruling army council has not moved faster to shake up the system and purge the ex-president's officials. Radwan was appointed shortly before Mubarak left. Sharaf has yet to announce his new cabinet but the ministers of finance, industry and foreign affairs have all now quit. The justice, interior, education, culture and information ministers could stay, the official news agency said. Sharaf promised a reshuffle as one of several concessions offered by him and the army to placate protesters. But demonstrators have stayed in Cairo's Tahrir Square since July 8 and also protested in other cities, increasingly directing their anger at the army. An army general, Tarek el-Mahdy, addressed the crowd in Tahrir on Saturday. Witnesses said dozens of angry protesters heckled him to leave the podium. Radwan, who said he had quit and would be replaced by Beblawi, told Reuters the policy-making situation had become "confused" and he believed it best to "leave the way for somebody to handle it in a consistent and coherent manner." "People don't know what they want. Do they want increased expenditure and no borrowing from abroad? Everybody has suddenly become an expert on financial policy. That is not an atmosphere conducive to efficient work," Radwan said. Radwan had negotiated a $3 billion loan from the International Monetary Fund to help cope with a spiraling budget deficit. But after reaching a deal, Egypt said in June it no longer needed the money. Radwan said the budget had been revised to cut the deficit in response to demands for a national dialogue and concerns in the ruling military council about building up debts. Economists have questioned some of the budget assumptions. CONFIDENCE An Egyptian investment banker said Radwan lacked authority and the government needed to do more to outline its plans. "The whole problem is that we're still in search of an economic identity. So it doesn't really matter who's there, to a certain extent, because the headlines are not there," he said. "It's a very worrying period. I think we'll end up all right, but after how long, and what will the ultimate bill be?" the banker said, asking not to be identified. Industry Minister Samir el-Sayyad also quit on Sunday, the official news agency said. Foreign Minister Mohammed el-Orabi, in office for less than a month, said he was quitting on Saturday. Prime Minister Sharaf had announced he had picked two deputies on Saturday, including Beblawi, 74, an adviser to the Arab Monetary Fund in Abu Dhabi and who will now also take on the finance portfolio. "The first thing Beblawi needs to do is to reflect some confidence in his decisions, empowered by the legitimacy of the military council, and he has to think a bit like investors," Mohamed Seddiek, head of research at Prime Securities. Beblawi, who studied in Paris, worked as professor of economics at the University of Alexandria until 1980. He was then chief executive of the state Export Development Bank of Egypt and executive secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA). In comments carried by al-Ahram portal online before being appointed finance minister, Beblawi said his priority was to "manage the transition period" and said there should be a cap on higher paid state employees. "When I was asked to be the deputy prime minister, all that I asked for was to be allowed an executive space that is backed by information ... so that I can do my task based on studies and information," Beblawi said. Alongside Beblawi, Sharaf appointed Ali al-Silmi of the liberal Wafd party as deputy in charge of political development and democratic transformation. (Additional reporting by Shaimaa Fayed, Yasmine Saleh, Patrick Werr and Tom Pfeiffer; Editing by Jon Hemming) World United Nations Egypt Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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