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The warning of the economic leaders to Smotrich: we live every day the economic damage following the legal revolution - voila! news

2023-03-09T15:34:50.015Z


In a tense meeting that lasted until 2 a.m., in which Kish and Levin also participated, the senior officials of the economy warned that they were worried about damage to Israel's economy following the government's actions. They then warned in an official announcement that following the revolution "every home in Israel will be financially damaged, there will be mass layoffs" and called on the government to stop the legislation


On video: ninth consecutive Saturday of protest: tens of thousands of demonstrators across the country against the legal revolution (photo: Karin Sagi, Yael Barash, Reuven Castro)

The senior officials of the economy warned tonight (Thursday) before Finance Minister Bezalel Smotrich about economic damage following the legal revolution.

In a meeting that was held until two in the morning, in the presence of Education Minister Yoav Kish and Justice Minister Yariv Levin, the senior members of the economy including the chairman of Tnuva, the chairman of the Azrieli Group and the CEO of Discount Bank admitted that they live every day with the economic damage and are bothered by it. The meeting was attended by



Chaim Gabrieli, chairman of Tnuva;

Edo Neuberger, CEO of Valio Base; Harel Wiesel, owner of Fox; Dana Azrieli, chairman of the Azrieli Group;

Uri Levin, CEO of Discount Bank; Natan Hatz, CEO of Aloni Hatz, and other executives.

Smotrich was satisfied with the economic data - and the parties left without a bottom line.

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At the end of the meeting, the business leaders issued an official statement, warning that as a result of the revolution, "every household in Israel will suffer financially; investments in the country by local and foreign investors will cease, the devaluation of the shekel will worsen, the credit rating of the State of Israel will drop, and as a result, interest rates in the country will continue to rise at a high rate so that every Mortgage payments will continue to rise and become more expensive, while fearing severe damage to public savings and pension funds." The



senior officials estimate that the results of the legal revolution may cause "mass layoffs in the economy, and unemployment of many thousands of workers in all sectors of the local economy." The senior



officials of the economy called on the government to stop the legislative processes , who, according to them, "started the 'rolling of the economic snowball'" and to re-examine the processes "that are required to be done with a broad national consensus, while also examining their effect in a horizontal manner on the economy, society and national security of the State of Israel.



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  • news

  • Political-political

Tags

  • The legal revolution

  • economy

  • Bezalel Smotrich

Source: walla

All news articles on 2023-03-09

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