To say that Egypt's economy is suffocating under the weight of a looming fiscal and political crisis is an understatement. But Egypt, a land of 86 million people in the heart of the Middle East, is simply too important to fail. Great political and regional chaos will follow if it does.
Even after the Arab Spring, it is too early to tell what Egypt's fate will be. But if there's one thing to be said, it's that military intervention in the form of Ahmed Shafik winning the election might actually save the country. The other presidential option is the leader of the Muslim Brotherhood, a ruthless organization which supported the Nazis, and seeks to suppress democracy in the Middle East.
CAIRO - On the eve of landmark elections, Egypt's military ruler warned Sunday of "extremely grave" consequences if the turbulent nation does not pull through its current crisis — an attempt to rally...