Wednesday 13 August 2014

Austerity measures won't save Egyptian economy - Al-Monitor: the Pulse of the Middle East

Austerity measures won't save Egyptian economy - Al-Monitor: the Pulse of the Middle East:



"Just over a month after the implementation of the new state budget, the economic crisis is still lingering in Egypt — despite the Egyptian government’s adoption of strict austerity measures such as the unexpected raising of fuel prices, which was reflected in food prices and public transportation fees. This has challenged the government's position in the eyes of a population that ousted the Muslim Brotherhood over accusations that it was leading Egypt into bankruptcy."



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