Judith Miller mourns Mubarak and his cronies

"Only a year ago, Ghali was among Egypt’s most prominent officials. With a doctorate in economics from the Massachusetts Institute of Technology, he had given up a lucrative post at the International Monetary Fund to return to Cairo 18 years ago to help transform his nation’s moribund state-owned economy.   For years, he and a small team of talented reformers, led by Prime Minister Ahmed Nazif and activist Trade Minister Rachid Mohamed Rachid, battled Egypt’s entrenched bureaucracy and its military/security elite, which seemed determined to block changes that threatened its economic interests and political power.  On several key issues, the reformers had finally won, making Egypt what the IMF called an “emerging success story,” one of the region’s “fastest-growing economies.”" (thanks Sultan)

Posted on February 17, 2012 by As'ad