Egypt: markets edgy as Morsi digs in | beyondbrics

"Markets don’t like ultimatums, and Egypt’s army has delivered a big one to the country’s embattled president Mohamed Morsi and his political opponents: 48 hours to sort it out, or we get involved.

Investors have taken note and the premium on Egypt’s debt is rising fast.

As the FT’s Heba Saleh and Borzou Daragahi in Cairo reported, the Egyptian army on Monday issued a 48-hour ultimatum to the country’s political forces saying it would have to intervene if they did not resolve the political crisis, “a pivotal moment in Egypt’s troubled two and half year political transition.”"

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