Israeli Finance Minister Simcha Ehrlich said here that he expects Israel and Egypt to sign a peace treaty, and afterwards other Arab countries might join the treaty. Ehrlich is on a three-week “private visit” to five Latin American Jewish communities in Brazil, Uruguay, Chile, Argentina and Mexico. At a meeting with Rio’s Jewish community leaders Ehrlich denied any U.S. pressure on Israel. He said that, on the contrary, Washington might pressure Egypt.
Regarding his financial policy, Ehrlich asserted that “the first stage” was “an absolute success.” The first stage consisted in freeing government control of foreign currency and stopping subsidizing of various kinds of products. The “second stage” will be reducing the inflation rate to 12 to 15 percent a year, Ehrlich said.
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