A referendum on a constitutional amendment is to be held in Egypt at the beginning of May, which would enable President Abdel-Fatah al-Sisi to continue governing after the end of his current term. In the face of massive repression, approval seems certain. This would largely complete the power consolidation of the Sisi-regime, which emerged from the military coup of July 2013. But how will this regime develop in the future? Possible scenarios are a successful development dictatorship, decades of political and economic stagnation, as under Hosni Mubarak, or imminent failure.
