Thus, I am skeptical that this will do much to spur businesses to hire or consumers to spend, given the ongoing structural adjustments occurring in the economy and the uncertainties posed by the fiscal challenges both here and abroad. In addition to having little effect, the actions come with significant potential costs.
This morning I presented the Report to the Acting President of Israel and Speaker of the Knesset, Ms Dahlia Itzik; the Prime Minister, Mr Ehud Olmert; and the Minister of Finance, Mr. Abraham Hirchson. In economic terms 2006 was one of Israel's most successful years.