Egypt has few options to deal with the hole in its finances. As with previous crises, it's turned to Gulf Arab allies and the International Monetary Fund for a bailout.
Leaders blame the challenges on the coronavirus pandemic, which hurt the vital tourism industry, and price shocks sparked by the war in Ukraine. They've also faulted revolutionaries. "We solve the matter together. I am saying this to all Egyptians … we are going to finish this matter together and pay its price together," he said.
Egypt's elite can withstand rising costs, living comfortably in Nile-view apartments and gated communities around Cairo.
مهسا_امینی MahsaAmini OpIran
Whoever engineered globalism (the British I wonder) knew what they were doing. Destroy a country without firing a shot.
That's the plan, destroy the economies of countries then global banking takes all the public assets and we end up an entirely Fascist world, where, as Claus Schwab has been saying, the people will own nothing and be happy. It is happening everywhere. It's not a coincidence.
Good, military dictators are out of style.
Obama's Arab Spring will not be allowed to fail.
LN0ir
If the government was for your health they would ban the sale of cigarettes, they tax you because its about money they know they can get money from your addiction auspol
What do you mean by 'the economy is still staggering ' it doesn't make sense. Do you mean stagnating?
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