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Politics : War -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (10657)	1/3/2002 11:58:51 AM
From: GUSTAVE JAEGER	Respond to of 23908

Frustrated?! Me?? Haha... If anything, Israel is the one who got miffed --Sharon is on the scrounge for $800 million.... US tax-payers: get ready! Thursday, January 03, 2002 Tevet 19, 5762 Israel looks to U.S. for economic boost By Aluf Benn Israel and the U.S. are discussing ways for Israel to get economic aid, considering the country's difficult economic situation. The discussions are focused on ways to find an alternative to an $800 million aid package promised by the Clinton administration and frozen by the Bush administration when it took office last January. According to government sources in Jerusalem, three possible alternatives are under discussion: * American government guarantees for loans Israel takes on the open market * An American grant * An American loan on easy terms Next months the bilateral Joint Economic Development Group (JEDG) is slated to meet in Washington, with Finance Minister Silvan Shalom heading the Israeli team that will meet with top U.S. officials to discuss the problems of the Israeli economy and ways to help. The Clinton administration promised Israel an $800 million grant in military aid as compensation for the costs of the Lebanon withdrawal and for the development of strategic defense systems. The money was supposed to be paid out over two years and the administration planned to link another $225 million in aid to Egypt and $75 million to Jordan as part of the overall aid package. Clinton made the request for the allocation to Congress on the eve of the American elections, but it never came up for debate in Congress. Prime Minister Ariel Sharon believes that it's not a good idea to ask President George W. Bush to meet commitments made by his predecessor. In his first two visits to Bush, Sharon mentioned aid promised to Israel but did not put the issue high on his agenda. [...] haaretzdaily.com (09:30) US dollar reaches record high against Israeli shekel January, 03 2002 The US dollar continues to rise at this hour against the Israeli shekel. The exchange rate has reached yet another record high as one US dollar is now valued at NIS 4.446. Today's rate has so far risen by one agora over yesterday's final rate, Army Radio reported. Finance Ministry Director-General Ohad Marani said he is not worried -and is even satisfied - with the rapidly rising exchange rate. In related economic news, there is a chance that the 2002 state budget will be presented to the Knesset for its second and third readings within two weeks, Finance Minister Silvan Shalom said yesterday. ______________________