Oh, Egypt, With bold reforms, we shorten the road.” Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms. (Hamza Hendawi/Associated Press)CAIRO — Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms. The Cairo protest, though small, offered a glimpse of what authorities may face if subsidies on main items are reduced or lifted. Egypt’s economy has been battered in the five years since an uprising toppled longtime ruler Hosni Mubarak. Inflation and unemployment rates are in double digits and the pound has been steadily losing value against the dollar.

Source: Washington Post September 03, 2016 13:45 UTC