Subscribe to Print Edition | Tue., November 11, 2008 Cheshvan 13, 5769 | | Israel Time: 04:36 (EST+7) web haaretz.com   Back to Homepage Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate U.S. election Travel Week's End Anglo File

Merrill Lynch: Israel less vulnerable to economic crisis than U.S. and Europe By Rotem Sella Tags: economic crisis, Israel news  Israel's economy is less susceptible to risk than many more developed countries such as the U.S., Canada and the Euro Bloc, according to a Merrill Lynch report on the financial and economic vulnerability of 44 nations. In a surprise reversal, Australia is considered the most vulnerable, due to a huge influx of foreign capital over the past five years, while Israel is only the 24th most vulnerable. Less developed nations export less and have much less leveraged financial systems, though low foreign currency reserves and exposure to globalization can raise a country's riskiness, according to the financial firm. Advertisement Switzerland is number two, with the U.S. in 10th place and non-Western countries such as Mexico and Nigeria as the least vulnerable. Bookmark to del.icio.us   No light at the end Amira Hass / Powerless in Gaza, residents rely on the tunnels. Offensive strikes Report: U.S. secretly attacked dozens of Mideast targets since 2004.   1.   Mexico is not a western country? 10:59  |  tamar 10/11/08   2.   If Merrill Lynch are so clever 13:45  |  examiner 10/11/08   3.   i think ML is wrong on this 15:15  |  as dependant on 10/11/08   4.   Now we have nothing to worry about 17:00  |  mike 10/11/08   5.   I love the anonymous white power poster 17:48  |  I really, really do 10/11/08   6.   #1 - LOL 18:01  |  GHook93 10/11/08

Read & React Livni: I'm not repeating mistakes of Camp David Responses: 70 Bradley Burston: Obama, and the first Arab prime minister of Israel Responses: 191 Editorial: Israel should listen to Hamas Responses: 77 Olmert: To honor Rabin, Israel must cede land Responses: 157 Report: U.S. secretly attacked dozens of Mideast targets since 2004 Responses: 44 More Headlines 00:42 Report: IAEA finds traces of uranium at suspected Syrian nuclear site 22:54 Israel to resume minimal fuel shipments to Gaza 00:03 Olmert: To honor Rabin, Israel must cede land 01:46 ANALYSIS / No leader before Olmert has explicitly called for return to '67 borders 23:18 U.S. Jewish group to Mormons: Stop baptizing Holocaust victims 01:48 Foreign troops could deploy in West Bank after peace deal 02:15 Local elections / Hitchhiker's guide to ballot galaxy 01:47 Experts: 'Water lettuce' chokes Lake Agmon, threatens Kinneret 01:00 2,000-year-old gold earring found beneath Jerusalem parking lot 19:40 Holocaust education taskforce teams up with Council of Europe to fight anti-Semitism 20:12 Jewish group: Synagogue in Hungary vandalized on eve of Kristallnacht anniversary 23:54 Amira Hass / Powerless in Gaza, residents rely on the tunnels 02:20 U.S. judge dismisses case over Egypt hotel bombing Previous Editions Select Day 10 nov 09 nov 07 nov 06 nov 05 nov 04 nov 03 nov 02 nov 31 oct 30 oct 29 oct 28 oct

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