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The battle for the legal coup: the heads of the economy stand by the president's side - voila! Of money


The CEOs of the banks and the chairman of the Histadrut rushed to stand by the president's dialogue initiative. Will the fact that the senior officials of the economy support the move lead to its success?

On video: Herzog called for a halt to the legislation of the legal reform (Photo: Leam)

The heads of Israel's major banks issued a joint press release last night, shortly after President Herzog's statement.

The announcement reads: "The chairmen and CEOs of Poaleim, Leumi, Mizrahi Tefahot, Discount and International Banks in a joint call: we support the president's initiative and call for a reform of the judicial system through dialogue and broad consensus that will preserve the unity of the people and ensure the preservation of a Jewish and democratic Israel and the continued prosperity of its economy."

It should be noted that the heads of the banks, whether they are CEOs or chairmen, usually avoid political identification, let alone engaging in controversial public issues and mobilizing for the president's initiative is definitely an unusual act for them.

Histadrut chairman Arnon Bar David stands alongside the president's dialogue initiative. Bar David is the only one in the economy who can turn a protest strike into a general strike. (Photo: Histadrut spokespersons)

Another person who took a similar position is the chairman of the Histadrut, Arnon Bar David, who issued a statement on his behalf a few minutes after the president's speech: "I call on all citizens of Israel to unite behind the president's words," Bar David said

following the president's speech.

-David: "The story of our life in the country that we wished for two thousand years was written with toil, greed, pain and determination, but most of all - it was made possible thanks to our unity as a society.

There are no winners or losers here.

Let's stop before the political divide breaks Israeli society apart.

"I met tonight with President Herzog, I placed myself and the Histadrut at the disposal of the Honorable President and we agreed on cooperation to handle the crisis," said the chairman of the Histadrut and concluded: "I will do everything in my power to bring about dialogue between the parties for the sake of the integrity of his state and Israeli society.

We have no other country."

It should be noted that David was one of the only factors who knew exactly what the president was going to say in his speech - and prepared his response ahead of time.

Beyond statehood, there is also the granting of practical power to an institution that is mainly symbolic: the Histadrut has so far refrained from joining the shutdowns initiated by the protest organizers, but it may do so if the president's initiative is rejected, which would lead to a general paralysis of the economy.

  • Of money

  • news


  • Yitzhak Herzog

  • Arnon Bar David

  • Bank Hapoalim

  • Mizrahi Bank

  • National Bank

  • Discount Bank

  • the international Bank

Source: walla

All business articles on 2023-02-13

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