Why a win by the Muslim Brotherhood’s presidential candidate could be the best thing for Egypt’s economy.
7 June 2012 - As Egyptians prepare to vote in the upcoming final round of presidential balloting on June 16 and 17, pictures of yet more protests in Tahrir square are doing little to reassure foreign investors and other observers about the future of Egypt. Bond markets are betting that the Egyptian revolution will end in tears. They may yet be proved wrong.
The most recent round of protests began after what many Egyptians saw as an overly-lenient verdict in the trial of former President Hosni Mubarak. Although Mubarak was sentenced to life in prison for failing to protect the life of Egyptian citizens, none of his henchmen were found directly responsible for the deaths of some 900 protestors, nor was Mubarak found guilty of corruption.
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