![]() Israel's shekel moved on every twist and turn in parliament as efforts to reach a judicial compromise intensified and finally crashed.īut the volatility of the shekel, which has weakened about 10% versus the dollar since Netanyahu's government announced judicial plans in January due to foreign investor unease, is just one of the economic downsides so far.įor now, Israel's economy is relatively robust, with growth forecast at 3% this year and unemployment at a 3.5% rate. ![]() On Monday, Netanyahu's nationalist-religious coalition granted parliamentary approval to new legislation that will limit some of the Supreme Court's powers, despite mass street protests and fierce objection from the opposition. It was a paid ad by a group of high-tech companies protesting against Netanyahu's judicial policies, which analysts say have unleashed a slew of risks, both for Israel's economy and for his own political future. JERUSALEM (Reuters) -A day after Prime Minister Benjamin Netanyahu pressed ahead with contentious changes to the judiciary, an ad covered the front page of all Israel's leading newspapers in black, reading at the bottom: "a black day for Israel's democracy." ![]()
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