Bloomberg News

Egypt to Adopt New Austerity Measures ‘Soon,’ Al Masry Says

October 23, 2012

Egypt will ‘soon’ apply new austerity measures to address the budget deficit, independent al-Masry al-Youm reported today, citing Egyptian Prime Minister Hisham Qandil.

To contact the reporter on this story: Salma El Wardany in Cairo at

To contact the editor responsible for this story: Andrew J. Barden at

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