 Egypt was groaning under a barely maintainable debt repayment structure for her enormous European debt.For the Egyptian government to avoid further interference from its European creditors, it had to ensure that the debt interest was paid on time, every time.To this end, the Egyptian treasury, initially crippled by corruption and bureaucracy, was placed by the British almost entirely under the control of a 'Financial Advisor', who exercised the power of veto over all matters of financial policy.