The “economic analyst” quoted in this piece, Simon KItchen, is a strategist for EFG Hermes, not an impartial commentator. When he is talking about energy subsidies being cut or removed, and says:
“It requires the political will to take on vested interests and the political will to tell the truth to the public about what the situation is, and then change things.”
“Vested interests” here refers to the the people. “Political will” means total capitulation to the dictates of international business. “Tell the truth to the public about what the situation is” means to propagate the lie that their energy resources do not belong to them. “Change things” means to impose neoliberal reforms against the interests of the population.
It is worth noting that EFG Hermes net profit soared three-fold to EGP 119 million ($16.7m) while total operating revenues surged to EGP 563 million ($79.2m) in the first quarter of this financial year.
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