Some MENA states susceptible to contagion from Tunisia crisis - S&P.
| Some MENA countries could be more susceptible than others to contagion from the current revolt in Tunisia since many of the economic and political factors that contributed to the protests in the north African country can be found to different degrees and varying combinations in other sovereigns in the region, Standard & Poor's Ratings Services said in a statement. S&P said it does not expect regional political instability, but pointed out that the more vulnerable states are Egypt, Algeria, and Jordan, and to a lesser degree Morocco. The Tunisia protest might influence also public finances in the region since the governments have been trying to content price hikes of food and fuels. moderate or prevent popular discontent by measures to try to stabilize or lower prices of staples and fuels. |
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