Monday, April 1, 2013

Egyptians Do Politics

http://www.economist.com/news/leaders/21574495-economy-faces-collapse-broader-based-government-needed-take-tough-decisions-its

Upon reading this article it outlines the dismal future facing Egypt if they don't start making tough choices quickly even though the 30 year dictatorship has ended.  The future seems quite dark if the IMF deal talked about in the article does not get worked out because all of the economical indicators are pointing south.  Tourism that made up 12% of Egypt's GDP in recent years has disappeared, their currency has been declining as much as 10% and unemployment is up to 20%.  You would think that with the fall of Hosni Mubarak things would improve but they still have yet too economically.

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