Egypt’s austerity measures are good for investors, bad for the people

Austerity measures in Egypt have been good for investments but no so much for the people, Farid Y. Farid writes for QZ. While reform measures, including the recent hike in fuel prices, have “paid off handsomely with the EGP ranking as one of the best performing currencies this year,” he says, “the painful belt tightening measures are hitting the middle class hard in a country where nearly 28% of the population lives below the poverty line.”