The policy of the Treasury for the past 7 years has been a drastic curtailment of expenditures in all fields, including health, education, infrastructure and social welfare. Some of this was justified, such as placing a limit on National Insurance allowances for large families, or on curtailing unemployment insurance for people who refuse to accept any job offered, There have been positive outcomes too: There is a budget surplus and various taxes have been lowered. On the other hand, the gapse betrween the rich and the poor have widened; teachers are underpaid; academic insitutions are going broke. Rampant privatization is placing large industrial complexes, such as the ports or the elctric company, in the hands of a few wealthy familiesm while not benefiting the consumer. In general, the fiscal policies of the Likud and its successor, Kadimah, are aimed at benefiting the well-to-do, while turning the salaried employee into a serf without social benefits.
Spain investigating ex-IMF chief Rato for fraud (Reuters)
from the article: Defense Ministry: Home front inadequately protected for war