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OLIVER HILSENRATH
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2014 (1)
Netanyahu was well aware of the long standing tradition in Israel of deep hatred for its finance
ministers. He must have been torn and tormented. I remember watching this quiet and dramatic
chess game, surprised of the little attention it attracted in Israeli media of those days.
Netanyahu accepted the nomination in 2002. For all practical purposes he was finished. He was
mocked in the Israeli media as the latest casualty of the ever messy Israeli economy.
But that is not what happened!
As he was a politically dead man for all practical purposes, Netanyahu acted like a man who has
little to lose. Now that was an interesting place to be in. He began by leveraging on his US
upbringing and brought world caliber economist Stanley Fisher to be the Israeli chief of national
bank (equivalent of the US Federal Reserve).
Netanyahu and Fisher reformed the messy Israeli economy amid public hysteria. State enterprises
were privatized, unions were reigned in, the Israeli Shekel was firmly aligned with world currencies,
and wasteful welfare programs were brought under control and more. Most importantly, the
corporate tax was set firmly at 25% from a rampant and vicious sky high rate.
Under Netanyahu, Israel became a destination for tech enterprises, financial services and even
successful energy exploration.
For all practical purposes Netanyahu turned a vicious plan to destroy him into an economic
Renaissance for Israel. With the thrust of his unexpected success, Netanyahu is now the longest
lasting Prime Minister in the history of Israel.
Sharon was ultimately disabled by a crippling stroke that left him in a vegetative state for a decade.
I think that if ever during that vegetative decade he had a moment of lucidity; Netanyahu must have
crossed his mind...
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December (1)
Benjamin Netanyahu An Unknown
Story of Courage