Commercial circles in Great Britain have been taking a brighter view of the economic situation in Israel recently, according to Mordechai Hazith, first secretary of the Israel Embassy in this country. “There is a feeling here.” he declared in an address today before a Joint Palestine Appeal reception, “that the Israel economic situation has eased somewhat.”
The brighter outlook, he said, has been brought about by these factors: 1. The government’s anti-inflation policy, which is now showing results; 2. The fact that some of the development projects initiated since the establishment of the State are now beginning to bear fruit; 3. The German reparations agreement has, to a certain extent, alleviated the problem of foreign currency; 4. The success with which the short-term indebtedness has been transformed into long-term loans, thanks to the generosity of many Jewish communities in the United States; and 5. The punctuality with which the Israel Treasury has repaid its various debts.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
