Rape of the Palestinian economy pays off for Israel.
Within 10 years, Israel’s GDP per capita will surpass the Western European average, and within 10 to 15 years, Israel’s standard of living will be counted among the top 10, Finance Minister Binyamin Netanyahu pledged Sunday, provided his reforms are allowed to run their course.
Netanyahu boasted that the first two years of his reform program have attained all the initial goals, accelerating growth to 4.3 percent yearly, rising the average wage 3.5%, bringing down unemployment to 9.9%, bringing down the interest rate from 8.7% in April 2003 to 3.5% today, lowering the mortgage rate to roughly 1.7%, and adding some 100,000 Israelis to the workforce.
“Perseverance and resolve in applying the economic program will improve the condition of all Israeli citizens, and significantly reduce poverty levels. That is our goal,” Netanyahu said.
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