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Those taking part praised Bank of Israel Governor Stanley Fischer’s bold decision to increase interest rates in an attempt to curb inflation—a move Israel was the first to make among western economies—as well as his adamant demand the government implement a lateral budget cut. Israel was rated among the top few countries that have managed their recession wisely, alongside Australia, Japan, and Germany.
Excerpts from an article by Gad Lior, Ynetnews.com
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