The same day that outgoing Finance Minister Binyamin (Bibi) Netanyahu resigned from the government, stating that he could not in good conscience be part of a plan that will endanger all of Israel, Prime Minister Ariel Sharon appointed Ehud Olmert (Likud) to serve as acting finance minister. After a meeting with Bank of Israel Governor Stanley Fischer, Sharon and Olmert announced that they would follow the same economic reforms formulated by Netanyahu. Following yesterday’s resignation, share prices on the Tel Aviv Stock Exchange (TASE) plummeted to a three-year low.
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