Israel builds settlements - The world reacts Major banks in Europe are threatening to boycott banks in Israel over settlement construction. Two of the largest banks in Scandinavia are examining their failure with running, Mizrahi and Leumi for action beyond the green line. The Government canceled due to hearing Netanyahu - Bennett. The EU boycott over settlements continues momentum: two of the biggest banks in Northern Europe have recently announced their intention to boycott banks in Israel, Israeli banks activity in settlements that are defined by the EU as illegal and harmful to the peace process. An Israeli official said the information that was updated in Walla! News that boycotting Israeli banks in Europe is a dangerous trend growing stronger. The two banks in question are Norda in Sweden which is the largest bank in the Nordic countries, Danske Bank which is the largest bank in Denmark. Together they serve more than 16 million customers throughout Europe and have assets worth hundreds of billions of dollars. The two banks are included in the list of top 500 companies in the world, and they will promote in the last couple of weeks measures to boycott Israel because of banks involvement in actions that are contrary to international law . Bank was serving 5 million customers in Denmark and Northern Europe, publish on its website a list of companies that are legal and ethical reasons for. Two weeks ago, the list was updated and added her first Israeli Bank Hapoalim Bank. The Danish Bank announced in 2010 on the Israeli confiscation of two construction companies, Africa Israel and cibus, due to their involvement in construction in the settlements, but this is the first time he informs about banning an Israeli Bank because the Bank that invests money beyond the green line and has branches in settlements. At the same time, the Swedish Bank Bank nordaa, which is the biggest bank in Scandinavia, that his investment firm demands Israeli clarification banks regarding their activities beyond the green line. Nordaa owns branches in 19 countries and has more than 16 million customers. The company requires that Israeli national banks Tefahot oriented information about the extent of settlement activity, because the company concerned their violation of international norms. Swedish Bank official told the newspaper financial times because he expects that European companies will have to give some thought to their investments in Israeli bodies related to settlements. An Israeli political official told the Walla! News that these cases underscore the dangers and dilemmas for the European ban. Its not about decisions of the Governments of Denmark and Sweden against Israel, but the decisions of private companies, especially large impact. Even if accessible following protests to the Governments, they have no ability to act against decisions of these companies. We estimate it will expand. It expressed criticism of the fact that a special debate on the issue of the European ban, which was supposed to take place this week, the Government canceled due to political conflict between Prime Minister Netanyahu, Minister of finance Naftali Bennett. The leadership in internal politics while getting momentum, ban said. The European Union (EU) announced about a month and a half ago that he intended to propose to Israel and the Palestinian Authority economic benefits package totaling billions of dollars, will be given to both sides if the peace agreement is signed. On the other hand, European diplomats demonstrated in recent weeks in Jerusalem and Ramallah that if the peace negotiations would end in failure, both sides may suffer heavy economic damage: because Israel is increasing the trend of economic boycott, while the Palestinians because of the danger that a country in Europe will lose interest in the Israeli-Palestinian conflict and cease to contribute funds. Chairman of Meretz, Zahava Gal-on, referred to the subject and said: I call on Prime Minister Netanyahu to lay his head in the sand and to improvise on a complete freeze of settlement construction. To continue maintaining the occupation and the settlements are unacceptable not only to Europe but also to banks and private companies. Their decisions could make Israel a pariah and isolated like Cuba and South Africa. The Prime Minister has to take hold that the world is losing patience and the threat of boycotts of Israel is increasing day by day. Bank Hapoalim said in response: the Danish Banks investments and Danska deposits of any kind of Bank Hapoalim. news.walla.co.il/?w=/2686/2717019
Posted on: Sun, 02 Feb 2014 07:27:20 +0000
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