A war is the last thing President Abdel Fattah el Sisi wants at a time when Egyptians are reeling from poverty and economic suffering.
Governments are spending like never before and many observers are weighing up whether it's the time for Keynesianism to rise from the dead.
The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.
Jordan has a high public debt and has taken in millions of refugees from conflicts in the region.
France, Italy, Spain and Greece have been experiencing economic recessions, causing difficulties for their citizens.
President Mauricio Macri warned poverty levels would rise due to inflation running at more than 30 percent but said the government would make an effort to bolster some social programmes.
Unions are seeking a five percent pay rise after an eight-year pay freeze under Greece's international bailout programme, which ended last month.
Greece returns to growth for the first time since 2010 as its once vast public deficit is turned into a solid budget surplus.
Jordanian civil society secured a big victory when protests led to the resignation of the country's prime minister and the repeal of a controversial tax code. The real question is whether Jordanians can sustain the momentum for genuine reforms.
The dismissal of PM Hani Mulki was demanded in a series of protests against IMF-backed tax increases that have shaken the kingdom.
More than 10,000 striking workers, youths and pensioners marched to parliament around noon to protest against a new wave of austerity measures due to begin after the current international bailout expires in August.
The government last month reduced civil servants' bonus pay by 50 percent, adding to a previous 50 percent cut in 2016, making it difficult for many to feed their families.
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