"Rising debts now worth 85 percent of gross domestic product, a surging budget deficit and foreign reserves tumbling to a level that by January may provide just two months import cover provide all the ingredients for a text book fiscal crisis.
That is a combustible mix for any cabinet and may encourage the army to seek to distance itself from Egypt's economic woes and give the new government far more powers before it becomes too tarred with the brush of a financial crisis".........READ MORE
No comments:
Post a Comment