Word: aridor
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...During the 1981 campaign, Finance Minister Yoram Aridor played what his opponents called "election economics" by cutting excise taxes and import duties on foreign items like autos and color TVs. The Begin government then tried to ease the pain of inflation by broadening indexation and encouraging spending. Losing confidence in the shekel, Israelis increasingly turned to the American greenback. "Our national currency is now the dollar," Ezer Weizman, Begin's former Defense Minister, who is now heading his own ticket, charged last week. "This is a disgrace...
...auspicious beginning. No sooner had Yitzhak Shamir been sworn in as Israel's seventh Prime Minister than his new government was engulfed in an economic crisis. Four days later, Finance Minister Yoram Aridor, a holdover from outgoing Prime Minister Menachem Begin's Cabinet, became the government's first casualty. With the opposition Labor Party calling for a vote of no confidence, there were serious doubts as to how long Shamir's fragile majority would hold together...
...days later the Tel Aviv daily Yediot Aharonot broke the news of an even more drastic change. Finance Minister Aridor, the paper said, was preparing a plan under which the Israeli economy would be linked to the U.S. dollar. Everything, including wages, prices, pensions and interest, would be expressed in dollars, thereby eliminating the indexing that has fueled Israel's triple-digit inflation rate...
...Party, a coalition member, said the next logical step was to put Abraham Lincoln's picture on the shekel. Other members described the "dollarization" plan as a blow to Israel's sovereignty that would make the country in effect the U.S.'s 51st state. Within hours, Aridor offered his resignation...
...with the shrill, impulsive outbursts of his predecessor. Still, Arens is as fully committed as Sharon and Begin to Israel's role in Lebanon and to retaining control over the West Bank. The other leading candidates for the top job are David Levy, the Deputy Prime Minister, Yoram Aridor, the Finance Minister and, even though the chance is remote, the fiery Sharon. The last choice, should it come to pass, would surely provoke immense controversy both in Israel and abroad...