AL-QUDS (Dispatches) – The occupying regime’s central bank governor Amir Yaron says the regime’s economy has experienced a significant domestic shock in recent months due to the controversial judicial ‘reform’ promoted by the hard-line new cabinet.
“Following the proposed changes regarding the judicial system and the accompanied events, there has been a decrease in Israel’s economic certainty as perceived by the markets,” the Bank of Israel governor said in a lecture at the annual Eli Hurvitz Conference on Economy and Society in Al-Quds.
“When the certainty in the economy is undermined, then the certainty of doing business is also undermined,” he explained.
“This does not mean that within one day the world will stop trading with Israel and that we will not see significant investments in the Israeli economy, but the continued uncertainty has considerable economic costs,” Yaron warned.
Zionists have rallied for months to voice their discontent with the judicial overhaul proposed by prime minister Benjamin Netanyahu’s cabinet early this year. Protestors say the so-called reform will weaken the judiciary and give the ruling coalition more power.
The warning by the regime’s central bank governor came a few days after over 200 leading Israeli economists warned the Zionist regime is becoming a Third World economy.
In their warning reported by Haaretz, the academics cited massive subsidies expected to go towards the ultra-Orthodox school system, as well as bigger stipends for full-time yeshiva students. The current far-right Zionist regime is heavily influenced by extreme religious parties.