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Preparing Egyptians for Austerity, Sissi Cuts own Pay

Egypt's new president pledged on Tuesday to give up half his salary and property and called on the Egyptian people to make similar sacrifices, in a bid to prepare the public for a period of painful economic austerity.   In an impromptu speech at a military graduation ceremony, Abdel Fattah al-Sissi said he had refused to sign off on a 2014/15 budget proposal following lengthy discussions this week because it was too dependent on ballooning borrowing.   “We said we would...

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