Flotilla Raid, Shura Polls, ElBaradei: Three Headaches For Mubarak

BMI View: Political risks are rising, and the Israeli flotilla raid has put the Egyptian government under further pressure ahead of the election. We have revised down our short-term political risk rating from 64.8 to 59.8, as the likelihood of policy shifts (within the constitutional and electoral framework) has increased. We also think that the presidential polls could be brought forward, to get the risks of a difficult transition out of the way and reassure concerned

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