Egypt parliament snubs economy plan, hampers IMF loan path

April 24,2012

(Reuters) – Egypt’s parliament overwhelmingly rejected the army-appointed cabinet’s plan to cut state spending on Tuesday, complicating the government’s efforts to secure IMF help to fight a balance of payments crisis.

http://www.reuters.com/article/2012/04/24/us-hold-ra-egypt-parliament-vote-idUSBRE83N14O20120424

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