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Netanyahu broke Israeli security, now economy

Benjamin NetanyahuAfter missing every opportunity to bomb Iranian nuclear installations, Netanyahu has turned to destroying Israeli economy.

The proposed doubling of the budget deficit to 3% removes possibly our most important safeguard, one which the Bank of Israel’s CEO cites as responsible for Israel’s stability amid the world financial crisis. Raising taxes and expanding welfare projects while simultaneously cutting down on equally important social expenses testifies to the lack of any government economic policy except juggling for the ad hoc survival of the coalition.

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Past coverage: economy
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18.06 Smart can be illegal
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13.06 Tel Aviv the most expensive city in the Middle East
09.06 Israeli socialism comes to bookstores
07.06 Israeli youth statistics affected by welfare and Arabs
01.06 Kineret fish died because of drought
30.05 State builds hospitals for private insurers
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