Author: Shahid Bolsen

This is how smugly they talked about the suffering caused by currency devaluation, VAT tax, and the IMF Austerity program back in july: ““There is always a cost of any policy reform…You can’t fix everything at the same time. You either need to structurally reform the economy or just maintain everything at a standstill for…

Egypt devalued the Pound three times last year, and again in March of 2016, and they never worried about popular backlash. Now, because the people have forced their way to the IMF negotiating table by their messages and warnings of revolutionary action against multinationals and foreign investors if Egypt continues to impose IMF Austerity measures,…