The public debt ratio of Israel is still high, above 90%, although it was a lot higher before we embarked on this road. This means that we cannot pause, and certainly not change direction, in our attempt to maintain a low deficit.
Thus, at the end, we have both yin and yang: the burden is being shared and efficiency is enhanced. 4. The case of Eurobonds  4.1  The problem  Let us now look at another example of the debate between burden sharing and efficiency: the discussion on the introduction of Eurobonds.