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Steinitz Says Barak Proposal May Lead to Economic Deterioration

Nov. 1 (Bloomberg) -- 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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