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Daily Israel Report
13:54
Reported

News Brief

  9/19/2011, Elul 20, 5771

Steinitz: Revolutionary Restructuring of the Economy


Finance Minister Yuval Steinitz said, Monday, that the recommendations by a committee to increase competition in the Israeli marketplace represent "a most positive revolution in the structure of the economy." The recommendations are believed to include limits on assets held by individuals.

The Treasurer continued, "This work does indeed change priorities in the Israeli economy with the necessary caution and responsibility. This committee worked with a winning combination of bold thinking and economic and financial responsibility." He said the committee worked with a "chisel and not an ax" on the subject of economic centralization.