Senior business officials said to warn Nides about impact of judicial overhaul on economy
US Ambassador Tom Nides reportedly met recently with a range of senior business officials in Israel, most of whom warned him that the planned government overhaul of the judicial system is likely to harm Israel’s economy.
Channel 12 news reports that the meeting — which was arranged a while ago — included the CEOs of El Al, Bank Hapoalim, Checkpoint, Mobileye and many other prominent CEOs.
According to the report, only 2 out of the 15 business figures expressed to Nides that they were not concerned about the economic impact of such a move.
The other officials reportedly told the US ambassador that the government’s plan could harm Israel’s credit rating and reduce international investments, or even do further damage.