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Egyptian Debt Spurs Islamist Call for Austerity: Arab Credit

Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit.

The group, which formed the Freedom and Justice party to compete for as many as half of the parliament’s seats, says in its economic plan that it will help bring investors back after an uprising that killed at least 846 people and toppled President Hosni Mubarak in February. The Brotherhood was the biggest opposition group under Mubarak, who routinely warned its ascent to power would frighten foreign investors.