Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
American credit rating agency Fitch Ratings economists have decided to lower Israel's credit rating, given the difficulties the country is facing.
The company's detailed report is expected to be published in about three weeks © Mena Today
American credit rating agency Fitch Ratings economists have decided to lower Israel's credit rating, given the difficulties the country is facing.
Israel's Accountant General Yali Rothenberg is visiting London to hold meetings with the company's economists, in which he will try to convince them to avoid the reduction at this stage.
The company's detailed report is expected to be published in about three weeks, following the international rating agency Moody's downgraded Israel's credit rating to A2 for the first time two weeks ago.
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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