Israel’s 3rd election in less than a year to cost billions to economy
Sunday, March 1, 2020 | Tag Cloud Tags: Economy, Israel, News, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The Knesset election on Monday will go down in history as the most unique Israel has had so far: It will have been the first time Israelis go to the polls for the third time in less than a year, with the total cost to the economy being at least NIS 9 billion ($2.6 billion) in lost productivity.
The unusual situation was caused by the ongoing gridlock following the elections in April and September. Each election resulted in a hung parliament in which neither the Left nor the Right were strong enough to swear in a government, forcing the dissolution of the Knesset and another snap election.
Israelis hope Monday will prove that the third time is a charm. [ Source: Israel Hayom (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.