Economy and Industry Minister Nir Barkat said Israel would borrow in the near-term.
Israel's US$500 billion economy has taken a hit during the more than four-month-old war against the Palestinian militant group in Gaza.Former Jerusalem Mayor Nir Barkat made clear that national security was not only paramount but also vital for Israel's economy.
But Barkat, who is widely seen a potential candidate to succeed Prime Minister Benjamin Netanyahu, made clear that national security was not only paramount but also vital for Israel's economy. He said Israel had overcome tougher situations in the past and added:"I think when people look at the economy of Israel, they want to make sure, first of all, we're a secure ... country."
"The future is more and more collaboration with peaceful countries around the world against the regimes of Iran and Hezbollah and Hamas," he said.
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