Four ways Israel can head off recession
Unprecedented, dramatic steps must be taken by the government to avoid a spiral of deflation, unemployment and a collapse in private consumption.
Even though it might involve new players, the current contentious drama over adjustments to the 2014 state budget and the passage of next year’s budget are nothing new. There’s a budget crisis every few years and every time the same questions come up: Should taxes be raised? How much should be cut from non-defense spending? Should the deficit be increased? How should the budgetary demands...
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