The Presidential Daily Brief

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    Algeria’s Leader Backs Down Over Protests

    Following weeks of demonstrations, President Abdelaziz Bouteflika announced yesterday that he won’t seek a fifth term in office — a response, he told Algerians, “to the urgent demand that you have made of me.” The ailing 82-year-old, who has seldom been seen in public since a 2013 stroke, said next month’s elections would be postponed to promote “tranquility and public security.”

    What’s next for Algeria? While many citizens celebrated, analysts warned that Bouteflika’s regime is propped up by a wide-ranging bureaucracy and security apparatus that won’t be easy to change.

    Check out this OZY feature on Algeria’s massive defense budget.

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