In defiance of all appearances, Egypt‘s President Mohammed Morsi has declared “the dawn of a new Egypt” following the implementation of the new constitution. For him, Egypt will now be fairer, more closely in touch with its Islamic roots and open for development without the stifling cronyism of the Mubarak era.

The reality of what awaits the country is likely to be far harsher: galloping economic decline that the Muslim Brotherhood, the former underground movement that now holds power, will be ill equipped to control. In truth, Mr Morsi may live to regret the Brotherhood’s decision to grasp power so soon and so completely, rather than sharing the burden of responsibility more widely.

Read Here – The National