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.
Yair Lapid, the Opposition leader, launched a fierce critique of the current administration following Moody's international credit rating agency's decision to downgrade Israel's credit score.
"This government is dysfunctional" © Mena Today
Yair Lapid, the Opposition leader, launched a fierce critique of the current administration following Moody's international credit rating agency's decision to downgrade Israel's credit score.
"The credit rating downgrade is yet another testament to the fact that this government is dysfunctional and causing harm to the public," stated Lapid.
"For more than a year, this administration has shown disregard for economic growth, introduced a reckless and irresponsible budget, and amid war, not one of the 38 ministers is advocating for the Israeli economy.
The State of Israel is in dire need of a new and competent government," he added.
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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