BREAKING NEWS

Egypt PM: Austerity measures necessary to salvage economy

By REUTERS

DECEMBER 11, 2011 16:47

CAIRO - Egyptian Prime Minister Ganzouri told Egyptians on Sunday that the economic situation was worse than anyone imagined and that there was a need for austerity to rein in the burgeoning budget deficit.

Ganzouri, 78, also said in a news conference live on state television that re-establishing security would be a priority for the "national salvation government" that he unveiled last week.

"The economic situation is worse than anyone imagines," he said, describing what he said were policy failings during the last decade of ousted President Hosni Mubarak's rule.

Taiwan says 14 Chinese military planes crossed strait's median line

By REUTERS

05/03/2024 04:08 AM

Ukraine may have talks eventually with Russia, intelligence officer says

By REUTERS

05/03/2024 03:21 AM

Iran-backed militias in Iraq claim to target Israel with cruise missiles

By JERUSALEM POST STAFF

05/03/2024 12:50 AM

Boris Johnson, who introduced voter ID rule, forgets his while voting

By REUTERS

05/03/2024 12:13 AM