CAIRO — The official approval of Egypt’s disputed Islamist-backed constitution Tuesday held out little hope of stabilizing the country after two years of turmoil and Mohammed Morsi, the Islamist president, may now face a more immediate crisis with the economy falling deeper into distress.
In a clear sign of anxiety over the economy, the turbulence of the past month and expected austerity measures ahead have some Egyptians hoarding dollars for fear the currency is about to take a significant turn for the weaker.
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GREAT JOB by Barack Obama and Hillary Clinton on their "Arab Spring". How come they aren't CHEERING for their great SUCCESS. And how come the Globe, which was all in favor isn't cheering now?
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