Sunday 23 October 2016

Egyptians losing patience with govt as economy crumbles


Egyptians on Sunday showed a cartoon on social media showing a drowning Egyptian, with his hand protruding from the depths, waving for help.
Experts said in Cairo that with the next strips showing President Abdel Fattah al-Sisi diving in, taking the drowning man’s watch and turning away is an indication that the Egyptians are losing patience with Sisi as economy deteriorates.
They said the cartoon captured the mood of desperation and anger among Egyptians clobbered by tax rises, soaring food price inflation and cuts in state subsidies.
“Some fear a repeat of the mass street protests that drove Sisi’s two immediate predecessors from power.
Core inflation is at seven-year-highs, near 14 per cent, as a foreign exchange shortage and a hike in customs duties bite hard in a country that imports everything from sugar to luxury cars,’’ they said.
Source: Punch

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