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Unsustainable solutions to unsustainability

Subsidy reform was inevitable. That’s what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they aren’t wrong. The “social contract” between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …

Basil El-Dabh