Prime Minister Ariel Sharon will be personally intervening in the labor dispute paralyzing the Bank of Israel, he told the cabinet today.
Justice Minister Meir Sheetrit told the government today that the months-long labor disruptions at the central bank have delayed decisions on interest rates.
Sheetrit told his fellow ministers that the central bank governor would probably have decided to lower interest rates. He said the delay in decisions was badly hurting the business sector and harming Israel's economic image abroad.
The justice minister called on Sharon to urgently summon the central bank governor and Finance Minister in order to end the spatting at the bank.