Anti-Government Protests Roil Egypt
Can Arab Leaders Spend Their Way Out Of Discontent?
In response to Tunisia and Egypt, many Arab governments have rolled back subsidies to keep food prices low. Economics as well as freedom play a role in the Arab world's turmoil. However, buying their way out is a short-term solution that will be costly. Algeria, Syria, Morocco and Jordan will have budget shortfalls, and the World Bank will not look kindly. Kuwait gave every citizen $3,000 and still, protests are called for this week. Unemployment among the young is one of the fundamental problems fueling unrest. In Saudi Arabia, a new study shows that 70 percent of crimes are committed by unemployed college graduates.