Finance Minister Yuval Steinitz on Sunday said that Israel must be wary when it comes to fiscal policy.
"If, god forbid, the Israeli economy spirals to a situation similar to that currently faced by Spain, there will be no organization or country that will funnel 100 billion Euros as assistance," Steinitz said at the start of a cabinet meeting.
Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks. Read the full story here
Please LIKE our Facebook page - it makes us stronger: