Word: yigal
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Dates: during 1980-1989
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...addition, the country has been suffering from a huge trade deficit ($5.1 billion in 1983). Finance Minister Yigal Cohen-Orgad tackled the problem last fall by devaluing the shekel and slicing government expenditures by 6%. That harsh remedy began to work: the trade deficit for the first five months of 1984 was 25% less than for the same period of 1983. Unemployment remains low by Western standards (5.7%), but many Israelis fear that it will continue to rise if measures are taken to cool inflation...
...Gaon, a Swiss-Jewish multimillionaire and Tami benefactor. After Nigeria failed to pay him hundreds of millions of dollars for a chain of luxury hotels he was building, Gaon reportedly asked Shamir's government to allow Israeli banks in Switzerland to give him loan guarantees. When Finance Minister Yigal Cohen-Orgad refused, Gaon urged Tami Leader Aharon Abuhatzeira to call for new elections. Gaon, who co-founded the Tami Party in 1981, vigorously denied any interference...
...shown on Israeli television last week, is typical of the tales of economic woe that have be come standard fare. A few days earlier the government announced that prices had risen 11.6% in December alone, bringing the inflation rate for 1983 to a record 190.7%. That prompted Finance Minister Yigal Cohen-Orgad to impose new rules barring Israelis from holding or taking out of the country more than $2,000 a year in foreign currency. He announced that Israeli workers would get a cost-of-living increase of only 9.1% next month, not enough to keep up with inflation...
Shamir's problems grew worse when word leaked out that Finance Minister Yigal Cohen-Orgad's new austerity program included a freeze on settlement construction in the West Bank. The government spends an estimated $700 million a year, not counting defense costs, on the occupied region. Cohen-Orgad's proposal immediately brought protests from right-wingers, who regard the settlement program as insurance that the West Bank will remain in Israeli hands. Indeed, the Techiya Party, whose support is necessary if Shamir's coalition is to retain its slim four-seat majority, threatened to bolt...
...would put before the Cabinet for final approval the Egyptian requirement that 30 tanks and six batteries of howitzers remain on the east bank of the Canal. At noon we were finished. "It is a good agreement," I said. "It is not a bad agreement," said Deputy Prime Minister Yigal Allon. " 'Not bad' is Hebrew for 'good,' " explained Eban, ever the diplomat...