Eshkol Reiterates His Views on Economic Crisis; Says It is a Test

Premier Levi Eshkol today reiterated that Israel’s current economic problems were not a crisis but an economic test. He expressed belief that Israel would meet the test. He spoke at a reunion of some 200 veteran Zionists who arrived in Palestine many years ago before the establishment of the State of Israel.

The Premier, himself a veteran Zionist who came to Palestine many years ago, also spoke of the current tasks and challenges facing the Zionist movement and Israel. He cited the need for an effort by Israelis to bring Jews to Israel from the United States, Europe and the Soviet Union.

Labor Minister Yigal Allon meanwhile asserted that Israel had reached “the beginning of the turning point” in its economic problems. Speaking at a meeting of the Association of Americans and Canadians, he said that increased efforts in investment savings and in productivity would soon begin to pay off.

He also reported that short-term Government remedies, such as work on a Presidential residence in Jerusalem which was halted under the economic retrenchment policy, would be resumed to provide jobs for construction workers. The project will cost $900,000.

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