Sobering essay: “When will Egypt go broke?”

Asia Times Online :: SPENGLER : When will Egypt go broke?.

“… in the long term, Egypt will have to find a way to deal the 45% of its population who are illiterate subsistence farmers, so unproductive that the country must import half its caloric consumption. Aid from the oil producers probably will delay Egypt’s descent into state failure by a few months”

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Filed under Developing Nations, Economy, Political Risk, Terrorism

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