The New Israeli Cabinet

Following is a list of the 26 ministers who have been named so far to the new Israeli Cabinet. It presently includes 11 ministers each from Likud and Labor, and two ministers each from Shas and the National Religious Party.

Portfolio – Minister – Party

Prime Minister – Yitzhak Shamir – Likud

Finance – Shimon Peres – Labor

Foreign Affairs – Moshe Arens – Likud

Defense – Yitzhak Rabin – Labor

Construction and Housing – David Levy – Likud

Education and Culture – Yitzhak Navon – Labor

Economics and Planning – Yitzhak Moda’i – Likud

Police – Haim Bar-Lev – Labor

Environmental Protection – Ronni Milo – Likud

Science and Development – Ezer Weizman – Labor

Justice – Dan Meridor – Likud

Communications – Gad Ya’acobi – Labor

Tourism – Gideon Patt – Likud

Agriculture – Avraham Katz-Oz – Labor

Transport – Moshe Katsav – Likud

Health – Ya’acov Tsur – Labor

Industry and Trade – Ariel Sharon – Likud

Energy and Infrastructure – Moshe Shahal – Labor

Interior – Arye Deri – Shas

Immigration and Absorption – Yitzhak Peretz – Shas

Religious Affairs – Zevulun Hammer – NRP

None – Ehud Olmert – Likud

None – Raphael Edri – Labor

None – Moshe Nissim – Likud

None – Mordechai Gur – Labor

None – Avner Shaki – NRP

is also vice premier holds rank of deputy premier.

Peres evidently did not consult Histadrut leaders before announcing the devaluation. He seems to have hoped the labor federation would accept the small decrease in the shekel’s buying power without demanding a commensurate cost-of-living increment for wage-earners.

But Histadrut’s initial reaction was negative. Haim Haberfeld, chairman of the trade unions department, said the devaluation was poorly timed and would cause an immediate 3 percent rise in the consumer price index, for which workers should be compensated.

Peres is consulting with Histadrut officials and leading economists to map out his long-term economic policy.

Meanwhile, the announced devaluation halted trading on the Tel Aviv Stock Exchange Tuesday. That, and a Bank of Israel proposal for a capital gains tax, sent the market down by about 10 percent.

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