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Thursday, September 20, 2007

Alan Greenspan Praises Israel's Economy

It looks like the former US chairman Alan Greenspan is praising the Jewish state's economy for thriving in one of the world's roughest regions.

(Israel National News) Outgoing US Federal Reserve Chairman Alan Greenspan wrote in his new book "The Age of Turbulence: Adventures in a New World" that Israel's economic growth demonstrates that economies can thrive even in times of violent conflict.

Greenspan writes that he draws encouragement from the ability of market economies to hold on in the face of violence and the threat of violence. He also cites Lebanon and Iraq as examples.

Despite the "love treatment" Israel is experiencing from its neighbors, Israeli citizens experience a life style similar to that of their American friends over seas.

Note: For those wondering whether or not their actually is more to life in the holy land beside what they see in the news, Isrealli has a video of "a regular Joe" showing what life really is like in Israel.

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