Is Israel the next Iceland?

Bloomberg.com reports that Israel may be the next country to be dragged down by the ongoing world financial crisis.The country’s 15 largest real estate companies have about 140 billion shekels in overall debt, more than three times the amount in 2003, according to Dun & Bradstreet Israel. “Pointing a finger at Delek Group Ltd. and Delek Real Estate, as well as Africa Israel, as the central