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Egypt's Economic Struggle
(New York Times) Editorial - Eighteen months after Egypt's revolution, President Mohamed Morsi, the U.S. and the International Monetary Fund finally seem to be pulling in the same general direction on the question of how best to revive the country's devastated economy. Some in Congress worry whether Mr. Morsi will abide by the peace treaty with Israel, and there are legitimate concerns about his harsh treatment of critics of the news media and whether he means to represent fairly all Egyptians, including Christians. But he has, so far, upheld the peace treaty, handled a militant attack in the Sinai Peninsula reasonably well and, on a trip to Tehran last week, publicly lambasted the Iranian leaders for supporting President Bashar al-Assad of Syria. It would be hard to overstate the importance of helping put Egypt, the most important nation in the Arab world and the key to Middle East stability, on a firm economic footing.