Two years on, and Egypt is back in crisis. Mohamed Morsi, Egypt’s Islamist president, announced a month-long state of emergency on Sunday following violence in which nearly 50 have died.
For anyone hoping for a turnaround in Egypt’s economic fortunes, it’s another big blow and one that may hurt chances of a deal with the IMF.
The violence is a reaction to what many opposition leaders and Egyptian protesters see as a power grab by Morsi over state institutions and the constitution as a whole. The unrest escalated on Saturday following a court decision that sentenced to death 21 people involved in a soccer riot that resulted in the deaths of 74 people in Port Said last February.
Egypt unrest: enter the vicious cycle | beyondbrics
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