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Sapir to Visit Washington Next Sept.; Seeking U.S. Economic Aid

July 7, 1971
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Finance Minister Pinhas Sapir told visiting American trade union leaders today that he planned to go to Washington at the end of September to seek further U.S. Government aid. Discussing Israel’s financial problems, Sapir said it would take six or seven years after peace comes to the Middle East for Israel to correct its balance of payments deficit. But once peace comes, he predicted the way would be open for a great economic boom for the entire region.

Labor Minister Joseph Almogi referred to Israel’s recent labor troubles. He said “We will fight small pressure groups holding key positions who strike and tie up vital factories and organizations.” Almogi didn’t name the groups. In recent weeks Israel has had to contend with strikes by civil aviation employes, electric power station workers, customs officers, government hospital personnel and dock workers.

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