Israeli industrialists, unhappy over certain aspects of the economic program approved by the Cabinet Tuesday, were told by Premier Menochem Begin that he could not reverse decisions reached “through a democratic vote.” A delegation, headed by Avraham Shavit, president of the Manufacturers Association, visited Begin to protest the full linkage of development loans to the cost-of-living index. They argued that such a policy would significantly reduce the rate of investment in industry since businessmen would prefer to invest in index-linked bonds. “This will increase the number of speculators.” Shavit claimed.
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.
