Israel: `No One Is Crying Over Meridor's Departure'
When Israeli Finance Minister Dan Meridor quit on June 17, markets gave a brief shudder. Since Meridor had opposed plans by Prime Minister Benjamin Netanyahu and Bank of Israel Governor Jacob A. Frenkel to make the shekel float in a wider band against the dollar, foreign exchange traders immediately pushed the currency down by nearly 2%. But the shekel quickly recovered, and the Tel Aviv Stock Exchange finished the day up 1%. "No one is crying over Meridor's departure," says Eldad Tamir, co-CEO of Tamir Fishman, a Tel Aviv investment bank.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.