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Problems Always

Reader comment on item: One Year After Morsi, How Goes Egypt?

Submitted by Mark D (United States), Jul 8, 2014 at 23:09

Egypt's economic decline continues apace. Income is down most everywhere one looks – direct foreign investment, remittances from workers abroad, tourism. Perhaps most symbolic is that until April 2012, the country sold natural gas to Israel; less than two years later, it buys natural gas from Israel (at more than four times the old selling price). Pervasive food and energy subsidies distort the economy, as do the ubiquitous military industries. Red tape remains stifling. The country unsustainably depends on subventions from rich Persian Gulf states to pay for imported foodstuffs.

The sick middle east. Need I say more?

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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