Default jitters stalk Egypt, sending traders on wild ride ...Qatar

An already turbulent year for emerging-market traders is getting another shot of adrenaline as Egypt fights to avert a debt crisis. The North African nation has become the latest symbol of the distress gripping poorer nations on the back of surging inflation, rising yields and a grinding down of global growth. Investors, still smarting from recent defaults by Russia and Sri Lanka, are watching Egypt as a case study to gauge whether - and how quickly - the broader developing world can sidestep a full-blown foreign-currency debt crisis and navigate the coming era of tighter credit conditions. The turmoil is all too visible in Egypt’s assets. The probability its government will fail to repay

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