Analysis Israel's Much-criticized New Budget May Revolutionize ultra-Orthodox Society

The new 2013-2014 budget is harsh, but offers hope for the future, and may change Israel forever.

Meirav Arlosoroff

May 09, 2013 10:17 AM

In late June 2002, Israel’s bond market started to collapse. Government bonds lost 7% of their value within a month, and Israel’s 10-year government Shahar bonds were trading at a high yield to maturity of...

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