TEL AVIV (Dec. 8)
Premier Levi Eshkol declared today that Israel faced “not an economic crisis” but a “testing time of efficiency in all branches of industry, agriculture and science.”
He expressed that view of Israel’s current economic squeeze at a ceremony in Nazareth where the first locally assembled Chrysler-Dodge trucks were presented. The vehicles are being assembled for Israel’s Defense Ministry. The Premier said that “whatever we have permitted ourselves during the past 18 years, we can no longer afford in the future.”
“More efficiency, cheaper labor and better products are needed,” he added. “This is our test.” The Nazareth assembly plant is producing the vehicles from parts received from the United States.