Jamal Awil

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Egypt’s debt crisis reduced its fiscal sovereignty. [fact]

Once out of Egypt, Sanü`a could write with even greater impunity about Egyptian politics. His journals gained notoriety.With the most famous and popular practitioner of the new political journalism now out of his control, the khedive found that his repressive acts and taxes became more transparent. Moreover, Egyptians became aware of his increasing loss of financial control of his country, the humiliation of the government's declaration of bankruptcy in 1875, and British and French officials' formal assumption of control of Egypt's trea- sury, with the creation of the Caisse de la Dette Publique in 1878.

Eve M. Troutt Powell, A Different Shade of Coloni…, loc. 441