Steinitz Says Barak Proposal May Lead to Economic Deterioration

Israeli Finance Minister Yuval Steinitz said Defense Minister Ehud Barak’s proposal to boost defense spending, bringing government expenditure beyond the planned limits, is “populistic” and may lead to a deterioration in the economy and mass unemployment. Steinitz made in the comment in an e-mailed statement today.

To contact the reporter on this story: Alisa Odenheimer in Jerusalem at

To contact the editor responsible for this story: Susan Lerner at

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