Israel Attempts To Counter Effects Of Global Economic Crisis

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Israels socio-economic cabinet convened on Wednesday to discuss the Finance Ministry proposed economic stimulus package, designed to help the Israeli economy weather the looming global financial crisis. The proposal, which is marketed as an economic stimulus rather than a rescue plan, has already been approved by the Prime Minister and awaiting approval by the socio-economic cabinet, after which it will be presented to the Knesset Finance Committee for final approval before being unveiled to the public. 11/19/08 

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