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In Egypt, IMF deal brings austerity few can afford


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By Lin Noueihed CAIRO (Reuters) - A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidized baby milk. The only thing that doesn't rise in Egypt is people's pay yet all they talk about is cutting subsidies," said Imad, smartly-dressed like many in the line. Squeezed by economic and political turmoil since the 2011 uprising that toppled Hosni Mubarak, Egyptians are preparing for a new era of austerity.

 

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