After a contentious 2-step vote, President Mohammed Morsi signs Egypt's new constitution into law on Wednesday. Pushed to power with the help of his Islamist allies, Morsi believes the best way to end political uncertainty is to adopt the new constitution and hold elections for a new Parliament soon. He admitted Egypt faces serious economic problems soon after the Egyptian pound tumbled to its lowest leave in nearly 8 years. The Arab spring led to the end of a dictatorship, but the long political turmoil is taking its toll on Egypt's economy.
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