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Qatar Cuts Egypt Loose as Financial Picture Darkens
(American Interest) Walter Russell Mead - Egypt's death spiral is now scaring off even its closest friends. Last year, Qatar gave an Egypt in crisis $5 billion in aid money. But Qatar won't help Egypt anymore, according to the Financial Times. A $4.8 billion grant from the IMF could stanch the bleeding, but it requires Egypt to accept austerity measures that are deeply unpopular with most Egyptians.