'Morsi is no longer president'

Let the bloodbath begin while the economic collapse of Egypt continues on to total chaos.  It won't be long before the Egyptians are back with their beggars hand outstretched for more billions.  Combined with the chaos surrounding Egypt on all sides except for Israel, the whole of North Africa is at risk of becoming the greatest human disaster ever.  The Muslim Brotherhood will surely be in the streets trying to re-establish control while the army tries to implement a civilian government.  The greatest losers will continue to be the Christian and Shia minorities who will be even more vulnerable to Sunni Islamist attacks. There will also be global oil price repercussions as supply from the region will be greatly reduced for the foreseeable future.

FROM DAILYMAIL.CO.UK:

'Morsi is no longer president': Military coup forces out Egyptian leader as tens of thousands celebrate in the streets
    Thousands celebrate after military chief says president has been forced out
    General Abdel Fattah al-Sisieff ectively declares removal on TV
    Morsi moved to undisclosed location as military chief calls for elections
    Military pledges to put civilian government in place quickly
    Troops deployed near protest sites and key military sites
    President's office describes movement as 'full coup' on Twitter
    Nearly 40 people have died since protests began on Sunday

By David Williams and James Rush

PUBLISHED: 12:31 EST, 3 July 2013 | UPDATED: 15:43 EST, 3 July 2013

Celebrations were taking place across Egypt this evening after the military chief said President Mohammed Morsi had been forced out.

The head of Egypt's armed forces issued a declaration suspending the constitution and appointing the head of the constitutional court as interim head of state.

In a televised broadcast, flanked by military leaders, religious authorities and political figures, General Abdel Fattah al-Sisi effectively declared the removal of elected Islamist President Mohamed Morsi.

The president's aide has said the Egyptian leader Morsi has been moved to an undisclosed location

Sisi called for presidential and parliamentary elections, a panel to review the constitution and a national reconciliation committee that would include youth movements.

He said the roadmap had been agreed by a range of political groups.

'The people and the army are one hand,' protestors cheered in the square, amid the roar of horns and chanting.

Article continues HERE.