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Smotrich vs. Moody's: "a political manifesto, without any serious economic argument" - voila! Of money

2024-02-10T17:24:02.726Z

Highlights: Smotrich vs. Moody's: "a political manifesto, without any serious economic argument" - voila! Of money. Smotrich against the appointment of Aharon Barak: "Netanyahu did this without consulting us - this is a mistake"/Knesset Channel Finance Minister Bezalel SmotRich harshly attacked Moody's following the rating downgrade last night, claiming that the decision was political, without professional arguments. The business forum, which is made up of two hundred heads of the largest companies in the economy that employ most of the workers in the private sector, calls for an immediate change of priorities.


The Minister of Finance attacked the rating company: "A pessimistic and unfounded geopolitical worldview, which reflects a lack of confidence in Israel's security and national strength, and apparently also a lack of confidence in the righteousness of its path


Smotrich against the appointment of Aharon Barak: "Netanyahu did this without consulting us - this is a mistake"/Knesset Channel

Finance Minister Bezalel Smotrich harshly attacked Moody's following the rating downgrade last night, claiming that the decision was political, without professional arguments.

According to him, "Moody's announcement about the downgrade does not include serious economic arguments and is entirely a political manifesto based on a pessimistic and unfounded geopolitical worldview, which reflects a lack of confidence in Israel's security and national strength, and apparently also a lack of confidence in the righteousness of its path in the face of its enemies.



"Modi' S is not even able to define Hamas and Hezbollah as terrorist organizations in her statement, and implies that she would have avoided the downgrade if only Israel had accepted the suicide plan offered to it by elements in the international community to stop the war and establish an Arab terrorist state in Gaza and Judea and Samaria.



Smotrich added that "we do not derive our national, security, social and economic strength from how we are judged in the world, but from a deep belief in the rightness of the way, which is based on a glorious past of thousands of years and a commitment to an even more glorious future. Modi's announcement will not undermine this nor weaken us in the war about our independence and sovereignty in our homeland."

Bezalel Smotrich/image processing, Haim Goldberg/Flash 90

The business forum, which is made up of two hundred heads of the largest companies in the economy that employ most of the workers in the private sector and which is made up of people from all shades of the political spectrum, calls for an immediate change of priorities.



"The lowering of the rating and the placement of the negative horizon is a negative and dangerous development that has not happened in 36 years, even during wars and previous challenges that we faced.



"Moody's announcement is further proof that the budget proposal for 2024 is not balanced and is not focused enough on measures that support growth and support the restoration and recovery of the economy on that after



"We believe that it is not too late to make brave, professional and practical decisions so that a responsible budget is presented with a lower deficit than the one established and with an order of priorities that is biased towards supporting growth led by the business sector, while encouraging innovation, creativity and the increase in production productivity. It is likely that such a proposal could have resulted in a result otherwise, and even prevent the negative horizon set for the economy."



The forum includes, among others, Harel Wiesel, CEO of the Fox Group, Haim Gavrieli, Chairman of Tnuva, Dana Azrieli, Chairman of the Azrieli Group, Itzik Abarkhan, Chairman of Shufersal, Lior Raviv, CEO of the Isrotel Hotels chain, Chai Galis, CEO of Big shopping centers, Eyal Hankin, CEO of the Azrieli Group, Hanan Friedman, CEO of Bank Leumi, Samdar Barber Tsadik, CEO of the International Bank, David Fatal, owner and founder of the Fatal Hotel chain, and Avi Levy, CEO of Discount, and many others.

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Source: walla

All business articles on 2024-02-10

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