Is Egypt Ready For Reforms? | REBEL ECONOMY:
"As the months drag on and the prospect of a recovery for Egypt’s economy seem to slip further away, the key question on most investors’ minds is whether the government can push through reforms.
But while it is clear that successive governments have failed to ease hardship, it’s worth addressing whether Egyptians are ready for reforms.
The loudest opposition to the International Monetary Fund loan, energy subsidy reforms and higher taxes was from Egyptian citizens. That’s not surprising considering Egypt’s rocky history with the IMF and the (inaccurate) perception that reforms will make life worse for the poorest."
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