The treasury had intended to present its own plan, the details of which have been pored over in recent weeks.
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ISRAEL NEWS
BREAKING NEWS
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04:02
Gunmen kill senior woman member of Pakistani reformist party led by Imran Khan (Reuters)
Moti Bassok
Olmert: I'll handle pensions personally
VIDEO / Olmert to propose alternative to Finance Ministry's NIS 11b bailout plan
As part of plan, state would pour money into bond funds, offer guarantees to banks to enable them to raise capital.
with Meirav Arlosoroff 0 comments
Finance Ministry unveils NIS 11 billion bailout for economy
Figures show crisis spreading into Israel's economy at large; Bank of Israel lowers key lending rate.
with Ruth Sinai, Tal Levy and Zvi Zrahiya 0 comments
Figures show crisis spreading into Israel's economy at large
Stanley Fischer lowers Bank of Israel's key lending rate to its lowest level ever - 2.5 percent.
with Ruth Sinai, Tal Levy and Zvi Zrahiya 0 comments
Urgently needed: A new budget
Economic growth of 1.5 to 2% in 2009, after four years of high growth, is no tragedy. The real problem is the uncertainty.
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Bank of Israel halves 2009 growth forecast
Only two days ago Finance Ministry director general Yarom Ariav estimated 2009 economic growth at about 2%. The Israeli economy grew 5.3% in 2007.
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