Israel “never thought of leaving Gush Katif before we began our struggle,” said a Hamas spokesman. “The vote (in the Knesset) was an important achievement to (our) opposition.”
Meanwhile, Israeli investors drove most of Tel Aviv’s stock averages down more than one per cent out following Finance Minister’s Bibi Netanyahu’s threat to resign from the government if the Prime Minister does not agree to a national referendum on disengagement.
One investor analyst said that Netanyahu is not the only factor in the decline and that it is difficult to predict what will happen if he resigns. However, the Finance Minister’s budget reforms and tax cuts were the initial spark that started the Tel Aviv exchange on its two-year upward spiral that has doubled most stock averages.
Reaction in money markets was more obvious, and the shekel’s recent slow and moderate decline was broken as speculators drove the price of the dollar up half a per cent to 4.46 shekels. World economists have warned that a further increase in Israel’s budget deficit beyond three per cent would threaten its economic stability. The proposed costs of dismantling 25 Jewish communities from northern Samaria and Gush Katif would push the deficit beyond the desired limit.
Meanwhile, Israeli investors drove most of Tel Aviv’s stock averages down more than one per cent out following Finance Minister’s Bibi Netanyahu’s threat to resign from the government if the Prime Minister does not agree to a national referendum on disengagement.
One investor analyst said that Netanyahu is not the only factor in the decline and that it is difficult to predict what will happen if he resigns. However, the Finance Minister’s budget reforms and tax cuts were the initial spark that started the Tel Aviv exchange on its two-year upward spiral that has doubled most stock averages.
Reaction in money markets was more obvious, and the shekel’s recent slow and moderate decline was broken as speculators drove the price of the dollar up half a per cent to 4.46 shekels. World economists have warned that a further increase in Israel’s budget deficit beyond three per cent would threaten its economic stability. The proposed costs of dismantling 25 Jewish communities from northern Samaria and Gush Katif would push the deficit beyond the desired limit.