AuthorTopic: Parody or palmface - Haniel's rare news bites  (Read 1490 times)

Offline DoomerSupport

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Parody or palmface - Haniel's rare news bites
« on: April 24, 2013, 04:24:09 PM »
CAIRO, April 24 (Reuters) - Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel, to bring them near to world levels in four years, its trade and industry minister said.

A reduction in energy subsidies is widely seen as an important step towards allowing Egypt to secure a $4.8 billion loan from the International Monetary Fund (IMF) to shore up its finances.

Egypt spends around a fifth of its budget on fuel subsidies, and the government is under pressure to reduce them to plug a deficit that has mushroomed since the popular uprising that ousted Hosni Mubarak in early 2011.

Let me see if I got this straight.  The middle east erupted into chaos and turmoil we call the "Arab spring" because of rising prices and incomes were no longer meeting basic needs.

How exactly will the rising fuel prices be received by the population this time? 

Offline Petty Tyrant

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Re: Parody or palmface - Haniel's rare news bites
« Reply #1 on: April 24, 2013, 07:15:19 PM »
Didnt the arab spring start off because the folks in egypt learned from wikileaks that mubarak and cronies were corrupt, like they didnt have 40 years to figure that already? The uprisings being a good thing but wikileaks being a bad thing.


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