Egyptian President Continues Bold Moves Amid Public Scrutiny
LINDA WERTHEIMER, HOST:
Egypt's government announced today that it will resume talks with the International Monetary Fund with the aim of securing a $4.8 billion loan for the country. Just yesterday, President Morsi urged the opposition to work with his government to repair the country's battered economy, calling repeatedly for production, work, seriousness and effort, now that a new constitution is in effect.
The speech followed a month of violent protests against the design of that constitution which was drawn up by those sympathetic to President Morsi's Islamist government.
This week, Morsi's prime minister will reshuffle his cabinet amid mounting concern about dwindling resources and foreign currency reserves.
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