First Independent Mena Newspaper
The stability of the Algerian regime has long rested on its generous handouts powered by its oil revenues. With the oil price plunge, and which is set to continue, the Algerian government is bracing for tougher times threatening to erode its social peace. The oil price slump, which started in 2014 dealt a heavy blow […]
Plummeting oil prices and dwindling revenues prompted the Algerian government to adopt austerity measures including tax hikes and subsidies cuts leading to protests, notably in the restive south and northeast of the country. Algeria, which has nurtured a system based on generous handouts to the population taking the form of subsidies to fuel, electricity, housing […]
Algerian authorities have no longer the financial resources to buy social peace, hence cracks are appearing in the oil-producing country, says Belgian daily newspaper Le Soir in an analysis on the latest riots rocking Algeria. “The opacity of the system that governs Algerians since independence in 1962 has further thickened with the illness of their […]