Sunday 11 December 2011

Economy is Egypt's main problem: U.S senator Kerry | Reuters

Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as soon as possible to reassure investors, said John Kerry, chairman of the U.S. Senate Foreign Relations Committee.

Speaking after meeting military and civilian leaders in Cairo, Kerry said he was hopeful that Egypt would emerge as a strong democracy following the unrest and uncertainty that has followed the toppling of Hosni Mubarak in February.

But he said the main priority should be to strengthen the economy.

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