Assume Egypt has pegged its currency to the Euro, but high inflation in Egypt relative to the Euro Area has caused its currency (the Egyptian Pound) to be overvalued. The Egyptians cannot borrow internationally and the exchange rate has come under pressure.What are the options available for Egypt to deal with the crisis?Why might Egypt go to the IMF for a deal?What can the IMF do for Egypt and what would Egypt need to do for the IMF?