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Israel’s 3rd election in less than a year to cost billions to economy

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(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…) ]

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