Netanyahu's Crypto and Sanctions Talk Stuns Ex-Treasury Official
Translated & summarized from Maariv by baba
Former Treasury official Shaul Meridor strongly criticized Prime Minister Benjamin Netanyahu's remarks on economic sanctions and cryptocurrency, warning of severe international isolation. Meridor stated that such policies would cripple Israel's economy, preventing trade and international financial transactions. He also expressed concern over Netanyahu and Itamar Ben-Gvir's potential influence on police election preparations, advocating for an independent oversight committee.
The story in 5 lines · by baba
- Ex-Treasury official Shaul Meridor warned of international isolation due to Netanyahu's economic policies.
- Meridor stated Israel would be unable to conduct trade or financial transactions under sanctions.
- He called Netanyahu's economic policy discussion a "disruptive event."
- Meridor raised concerns about Netanyahu and Ben-Gvir influencing police election preparations.
- He emphasized the need for an independent elections committee, not politicians, to oversee elections.
Shaul Meridor, formerly the head of the Treasury's Budget Division, expressed shock and concern over Prime Minister Benjamin Netanyahu's recent statements regarding economic sanctions and cryptocurrency, warning of severe international isolation.
Meridor stated on 103fm that Netanyahu's policies could lead Israel to international isolation, economic failure, and catastrophe. He elaborated that such a scenario would prevent the country from conducting any international trade, making it impossible to buy or sell goods, travel abroad, or maintain banking relations with the global financial system. "We won't be able to buy anything, not travel abroad, Israeli banks won't be able to talk to the world," Meridor said.
He explained that Israel's economy is deeply integrated with global systems, relying on international trade for imports, exports, and payments. The implication of economic sanctions, Meridor stressed, is a complete halt to these activities due to the inability to process payments, calling it a "disruptive event."
Furthermore, Meridor voiced apprehension about Prime Minister Netanyahu and Itamar Ben-Gvir's potential involvement in the police's preparations for elections. He emphasized that election oversight should be managed by an independent central elections committee, not politicians, to ensure fairness. "In a sane world, the chairman of the election committee would sit with the police commissioner to ensure the police are prepared. We know the players: we know Ben-Gvir and Netanyahu, I wouldn't want to be in a situation where the police commissioner receives all sorts of instructions from them," Meridor stated.
