Finance Minister Yuval Steinitz (Likud) on Sunday night praised the leaders of
two rival political parties – Yesh Atid’s Yair Lapid and Bayit Yehudi’s Naftali
Bennett – for their economic credentials, as speculation swirled regarding who
Prime Minister Binyamin Netanyahu would ally with in the next
“The results of the elections in Israel are reasonable from
an economic perspective,” Steinitz said at an Israel Bonds fundraising meeting
in Florida. “It seems that Lapid and Bennett support rational economic policy,
setting economic growth atop their priorities and not calling for imposing
While Lapid’s party is widely expected to be part of
the next coalition, Netanyahu has worked to dispel rumors that he would refuse
Bennett a spot.
In a jibe at Labor leader Shelly Yacimovich, whose
economic policy he continuously derided throughout the campaign, Steinitz
specifically praised Lapid and Bennett for “not engaging in economic
Yacimovich had her own harsh words for Steinitz, criticizing
him and the prime minister for the country’s inflated deficit.
civilized country, the finance minister would have long ago drawn conclusions
and submitted his resignation over the resounding failure,” she said on Monday.
“Only in the Netanyahu government would that same minister, who also sees
himself as the natural candidate for the job, continue the destructive policy
that he led in the past four years.”
Israel Bonds, the company which
underwrites Israeli debt securities, broke records when it raised $230 million
in one night, almost 30 percent of its total annual intake of $800m.
impressive amount raised again demonstrates the resilience of the Israeli
economy and the strength of the North American Jewish community’s connection to
the State of Israel,” said Steinitz, who delivered the keynote speech at the
On Monday, the Finance Ministry also announced that it would issue
10-year and 30- year dollar-denominated bonds. Israel issued $1.5 billion in
10-year bonds in both 2012 and 2010.
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