Economists Warn Jewish Terror and Settlements Threaten Israeli Economy
Translated & summarized from TheMarker by baba
Sixty-one Israeli economists and academics warned that Jewish terrorism and settlement policies are causing significant economic damage and could lead to European sanctions. The letter highlights risks to Israeli companies, particularly those involved with settlements, and urges immediate action to prevent further diplomatic and economic harm. Prominent former economic officials and academics are among the signatories.
The story in 6 lines · by baba
- 61 Israeli economists warned of significant economic damage and potential European sanctions due to Jewish terrorism and settlement policies.
- Sanctions could expand to construction, infrastructure, banking, and financial firms servicing Israeli settlements.
- Companies may reduce dealings with settlement-related entities to avoid legal and financial risks.
- The economists stated that settlement expansion and failure to prevent Jewish violence harm Israel diplomatically and economically.
- They urged immediate action to prevent further damage to the Israeli economy and its international relations.
- Signatories include former Bank of Israel Governor Yaakov Frenkel and other prominent economic figures.
A group of 61 Israeli economists and academics has warned of significant damage to Israel's economic relations with Europe, potentially leading to substantial macroeconomic harm. In a letter, they expressed concern over developing European sanctions against Israel, citing Jewish terrorism and the Israeli government's policies in Gaza and the West Bank.
The letter details measures already taken or announced by European countries against Israeli companies. The economists highlighted the risk of sanctions expanding to construction, infrastructure, banking, and financial entities that service settlements. Such sanctions could impact the entire Israeli economy, as companies might reduce dealings with these entities to avoid legal risks.
Furthermore, the signatories stated that the expansion of settlements in the West Bank and the failure to prevent Jewish violence and terror against Palestinians are causing diplomatic damage to Israel. They emphasized that these actions also carry a heavy economic price for Israeli citizens, urging immediate action to prevent further harm while it is still possible.
Prominent signatories include former Bank of Israel Governor and Israel Prize laureate Prof. Yaakov Frenkel, former Deputy Governors Prof. Zvika Eckstein and Prof. Avia Spivak, former Supervisor of Banks Yair Avidan, four former Directors General of the Ministry of Finance (Yarom Ariav, David Brodet, Prof. Avraham Ben-Basset, and Haim Shani), former Head of the Budget Division David Boaz, and President of the Israel National Academy of Sciences Prof. David Harel, among other economists and researchers.
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