Video: Netanyahu Credits Israeli Financial Success at OECD's Jerusalem Meeting: Israel Beats Europe part of Benjamin Netanyahu

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Benjamin "Bibi" Netanyahu (Hebrew: בִּנְיָמִין "בִּיבִּי" נְתַנְיָהוּ (help·info) Binyamin Netanyahu; born 21 October 1949) is the ninth and current Prime Minister of Israel,...

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Netanyahu Credits Israeli Financial Success at OECD's Jerusalem Meeting: Israel Beats Europe

Spain and Italy are being punished for doing the right things. That was the message from the head of the Organisation for Economic Cooperation and Development at a meeting in Jerusalem. OECD Secretary-General Angel Gurria told reporters that he was confident Europe would end up stronger after the debt crisis, but countries such as Spain and Italy are struggling due to outside burdens. OECD Secretary-General Angel Gurria: "There is no reason why Spain has to be paying 7 percent, there is no reason why Italy has to be paying 6 1/2 percent for their money when they are taking all the right decisions, when they have got constitutional, in terms of the balanced budget amendment. They are working on their flexibility on the labour markets, they have increased their retirement age and all the things that we know." Israeli Prime Minister Benjamin Netanyahu offered his own two shekels, noting that his country hasn't been hurt by the economic crisis and urging other nations to follow Israel's lead. Israeli Prime Minister Benjamin Netanyahu: "I would like to touch on the most important observations that we have. The first is, we are still in a global crisis. Not only is it not over, its far from over. The second is that Israel up to now has done better than most of the OECD countries, indeed of most countries on the globe. And the third is that we have done better because we maintained the right policies." The Israeli economy grew 4.8 percent in 2011 and is expected to grow slightly <b>...</b>
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