Atias tries tapping treasury for what Fischer won’t give

23.11.2011                      26.Cheschwan. 5772

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Atias tries tapping treasury for what Fischer won't give

Housing minister wants loan guarantees for builders.

Frustrated by the Bank of Israel's rejection of his plea to relieve banks of lending limits to contractors in order to expedite housing development, Housing Minister Ariel Atias is trying another tack – to get the Finance Ministry to provide guarantees for builders. Treasury officials are reportedly smiling on the concept….