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Old 04-04-2013, 11:16   #1
Pete
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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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