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**Pete** · 04-04-2013, 11:16

Bread riots or bankruptcy: Egypt faces stark economic choices

http://www.csmonitor.com/World/Middl...yInsideMonitor

'It was a perilous time for Egypt. The International Monetary Fund (IMF) was demanding subsidy cuts in exchange for a loan Egypt's leaders desperately wanted. So they complied, cutting subsidies on the bread, cooking fuel, and gasoline average citizens relied on to live............................."

Worth a slow read.

04-04-2013, 11:16	#1
Pete Quiet Professional Join Date: Feb 2005 Location: Fayetteville Posts: 13,080	Bread riots or bankruptcy Bread riots or bankruptcy: Egypt faces stark economic choices http://www.csmonitor.com/World/Middl...yInsideMonitor 'It was a perilous time for Egypt. The International Monetary Fund (IMF) was demanding subsidy cuts in exchange for a loan Egypt's leaders desperately wanted. So they complied, cutting subsidies on the bread, cooking fuel, and gasoline average citizens relied on to live............................." Worth a slow read.
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