View full page at forexfactory.com

 

Mursi ouster has roots in unemployment in Egypt

From bloomberg.com

The rage that helped topple Egyptian President Mohamed Mursi was nurtured by the Arab Spring’s failure to deliver the green shoots of economic recovery. Egypt’s military removed Mursi from power yesterday, suspended the constitution and announced an early presidential election in a bid to resolve the nation’s political crisis. A technocratic government will be formed and the head of the Supreme Constitutional Court will be in charge of running the country’s affairs, Defense Minister Abdelfatah al-Seesi said in a televised broadcast. With growth already the weakest in two decades, unemployment stands at a record 13.2 ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News