2012-09-29atimes.com

``... when will the world also grow weary of Egypt? With liquid cash reserves down to a month or two worth of imports in July, Egypt began bouncing checks to oil suppliers in August, and has stopped importing some urgently needed items. The latest shortage to plague the Egyptian economy is infant vaccines... The notion that the world will find $1 billion a month for Egypt - let alone $2 billion - seems whimsical. The catastrophic decline of a nation of 80 million people is something the world has not seen in some time, and policymakers would be wise to take precautionary measures. ''



Comments: Be the first to add a comment

add a comment | go to forum thread