Monday, 11 July 2011

When will Egypt go broke?


"With demonstrators back on Tahrir Square in Cairo, Western media outlets once again are focused on the demands of urban protesters. A less tractable but more important story is: when will the Egyptian economy collapse altogether? The answer appears to be: at the very latest, when Saudi Arabia and Gulf states grow weary of paying Egypt's bills, and probably well before then."

When will Egypt go broke? 
By Spengler

Via  Asia Times Online