Opposition leader Shelly Yacimovich (Labor) and Meretz chairwoman Zehava Gal-On expressed satisfaction of Bank Leumi's decision on Friday to back out of the debt arrangement it made with tycoon Nochi Dankner.

Yacomovich said the deal cancellation is "a great victory of the Israeli public."

"It turns out the public is not apathetic, not asleep, is intelligent and understands when injustice and irrationality cry out of a debt arrangement," Yacimovich said.

"This is an important move that shows tycoons that our eyes are opened and we will not accept dubious deals that are hatched covertly in the upper class club," Gal-On said.

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