The army's leadership gave Morsi an ultimatum. He thought they were bluffing and called them: they weren't.
The road ahead is unclear; but two ugly possibilities loom. First, the army were fairly slow to relinquish power after the Arab Spring two years ago. For obvious reasons, they may be far slower this time round.
Second, the Muslim Brotherhood will have gotten the message that they can't hope to achieve their political aims though the ballot box and I'm certain will resort to violence. That will make returning to economic growth even harder.
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