Live Update 
From the Liveblog of
Tuesday, February 14, 2023
From the Liveblog of
Tuesday, February 14, 2023
Report: Bankers warned Smotrich of preliminary signs of economic crisis
Add ToI as a Preferred Source on GoogleDuring their meeting with Bezalel Smotrich earlier, bankers warned Smotrich there are preliminary signs of an economic crisis, Channel 12 reports, and urged him to agree to the president’s call for compromise.
Israel Discount Bank CEO Uri Levin was said to tell Smotrich: “There are negative indications. We see a ten-fold increase in interest in opening savings accounts in foreign banks. The dollar is growing stronger, Israel’s risk factor is rising and our stock exchange is doing worse than others around the world.
“The market is based on trust and if we don’t stop it now we may find ourselves in deep crisis.”
Levin’s concerns were reportedly backed by other top bankers.
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here