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April 10, 2012

The Muslim Brotherhood Chooses Chaos

David Goldman, Asia Times

AP Photo

Egypt's Muslim Brotherhood signaled its intent on Sunday to push the country into economic chaos. With liquid foreign exchange reserves barely equal to two months' imports and panic spreading through the Egyptian economy, the Brotherhood's presidential candidate Khairat al-Shater warned that it would block a US$3 billion emergency loan from the International Monetary Fund (IMF) unless the military government ceded power.

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TAGGED: Egypt, Muslim Brotherhood

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