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The Egyptian economy is worsening at a faster rate than the Greek economy. The political instability of the country and the strongly socialist and Islamist (and badly written) constitution that President Morsi is attempting to force into action only discourages more investors from abroad.

Additionally, much of Egypt's economy was previously controlled by a few wealthy families since they were the ones with the requisite education to make them profitable. Now, many of these large firms have been subdivided and contracted to "average" Egyptians who lack sufficient business-knowledge to run them well, causing compounding internal failures.

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12y ago

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