As boycott pressure grows, Israeli business leaders plan to confront Netanyahu

Israel/Palestine
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Former ambassador Gillerman

Former ambassador Gillerman

The circle is closing on Netanyahu. And the pressure is coming from the business establishment, which fears boycott.

Haaretz: “Settlements prompt European investors to review ties with Israeli banks”:

Three major European pension funds are reviewing their holdings in Israeli banks due to concerns they finance West Bank settlements, the Financial Times reported Sunday.

According to the report, ABP, a Dutch pension fund considered the world’s third largest, Nordea Investment Management, a Scandinavian firm, and DNB Asset Management, a Norwegian company, want more information about the Israeli banks’ involvement in Israeli settlements.

Ynet says boycott is biting in the Israeli establishment:

A hundred of Israel’s leading businessmen and businesswomen will fly to Davos next week, armed with a poignant message for the prime minister: Maintaining a growing and stable economy requires Israel to make peace with Palestinians, the sooner the better.

Leaders and businesspeople ranging from Strauss Group Chairwoman Ofra Strauss to Google Israel CEO Meir Bren and former UN ambassador Dan Gillerman will descend on the Davos Economic Forum to urge Israelis and Palestinians leaders to reach a diplomatic solution to the Israeli-Palestinian conflict.

An a-political group of Palestinians and Israelis, which includes names such as Palestinian energy mogul Munib Masri, tech mogul Yossi Vardi, Amdocs founder Maurice Kahan, Bezeq CEO Avi Gabai, industrialist Gad Propper, Israeli low-cost supermarket magnate Rami Levy and former ambassador to the US Prof. Itamar Rabinovich, have signed on an initiative called Breaking the Impasse (BTI)….

According to daily Calcalist, a week ago, some members of the group met Netanyahu in his office in preparation of the Davos meet. During the meeting, they warned him of the looming threat posed by boycotts.

Smadar Barber Tsadik, CEO of the First International Bank of Israel, said at the meeting that “the largest investment fund in Holland has already announced that it will not invest in Israel anymore because of its treatment of the Palestinians – and that’s a problem.”

 

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