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Israel Looks to Name New Finance Minister Amid Economic Crisis
Prime Minister Yitzhak Shamir plans to appoint a new finance minister to steer emergency policies as a 1 million-strong Histadrut strike cripples Israel’s economy. Devaluation, higher food prices, and promised inflation relief fuel public discontent and a 10 percent rise in living costs. Front runners include Yitzhak Modai and Gideon Patt, with others like Yigal Cohen-Orgad considered as cabinet divisions loom. The stock market remains closed and public services show wide disruptions.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
Yitzhak Shamir
Shamir
Knesset
Yoram Aridor
Yitzhak Modai
Liberal Party
Likud
Gideon Patt
Modai
Israel Radio
Herut
Yigal Cohen-Orgad
Knesset Finance Committee
Stock Exchange
Histadrut