jaanuar 12, 2009

Strong economy backing the war in Gaza

Stark ekonomi backar upp kriget i Gaza
http://sydsvenskan.se/ekonomi/article403001/Stark-ekonomi-backar-upp-kriget-i-Gaza.html
Translated thanks to google translator :D
----------------------
Strong economy backing the war in Gaza
Of Per Roijer
First published: January 2, 2009 23:30 Last updated: January 3, 2009 12:44

The war against Hamas in the Gaza Strip is not a financial venture. With the experience of the war against Hezbollah in 2006 in the back, the Israeli leaders assumed that the current conflict not to harm Israel's economy.

Israel's economy is strong. After growing problem in the 1990s and a substantial decline of the millennium was reformed in the state sector. The global boom gave Israel a real shot. Many indications that the financial crisis will not hit particularly hard in Israel. - Israeli banks are conservative and not so sophisticated, it pays off, the Israeli Governor Stanley Fischer said. There are similarities between Sweden Göran Persson and the Conservative Israeli policy Benjamin Netanyahu. Both led by finance ministers of the reform of their country's economy, Persson in the 1990s and Netanyahu years 2003-2004. - You can think what you will about Netanyahu's foreign policy, but for Israel's economy, he was definitely an asset, "said Lars Christensen, chief analyst of Danske Bank in Copenhagen. - Israel carried out the Sweden made a few years earlier, "he says. Netanyahu cut sharply in public spending, introduced a tax reform, monopolies disbanded and privatized former public activities. Israel had until then had a highly state-dominated economy. Government debt was gradually reduced from 100 per cent of GDP (gross domestic product) to 60. The differences between Sweden and Israel are great, but there are striking similarities. The Israeli currency shekeln flows, the central bank sets interest rates independently (several cuts during the late autumn), the dependence on exports is large, and the industry is dominated by high technology, pharmaceuticals and IT. The latter allows Israel to an attractive partner for Swedish companies. Ericsson is dominant. The American-Israeli cooperation in the arms industry has been criticized by the left and the Green Party in Sweden.

The direct financial aid from the U.S. to Israel supports the other hand, the currency in a way that Sweden lacks, and allows shekeln been strengthened even though the country has a trade deficit. Israeli oranges are a major export product, generally, but to Sweden is the high-tech exports worth four times more than food exports (2007). It is clear that Israel will not escape the international recession, but the Bank of Israel maintains that neither the real estate bubble or unsound mortgages had an impact in the country. Any bank emergency does not arise. When the Israeli government is considering the economic risks of attacks against Hamas in Gaza, they do so in light of the previous two bloody conflicts: the attack on Hezbollah in Lebanon in 2006 and the second Intifada, which began in 2000. Of the war in Lebanon, it was feared that the economy would take proper ironing. But it was not the case. The head of the Bank of Israel Stanley Fischer said afterwards that he was surprised by the Israeli economy's resilience. According to the Bank of Israel became the country's GDP just 0.5 percent lower than it would have been if the war never took place. Much was in ruins in the north. Agriculture was a big bang and tourism störtdök - but stalk quickly. Intifada from the occupied territories five years earlier targeted a much larger blow to Israel's economy, including by terrorist acts inside Israel. Exports to the U.S. was hit simultaneously by the IT bubble burst and the subsequent economic downturn. But that was before the domestic reforms. - If the war in Gaza will not be for long, I do not think it harms the Israeli economy, "said Lars Christensen

Svenska large established in Israel Ericsson (available both in the West Bank and Israel) AstraZeneca Volvo (both trucks and passenger cars) Assa Abloy (factory in an illegal residence, forced to move since one of the AP funds threatened to sell shares) Electrolux ABB Ikea (a department store, another is planned) Alfa Laval SSAB H & M (planned introduction of several stores in 2010) Source: Swedish Trade Council

Swedish-Israeli cooperation between companies and authorities Flextronics QlikView (Data Company from Ideon in Lund, are now owned by American and Israeli capital) Defense Materiel Administration to cooperate with Israeli company Electro Optic Industries and has imported optical equipment to the JAS 39 Gripen International. Sweden also has a cooperation and an agreement with the Israeli armaments company Rafael about the possible use of Israeli weapons of JAS 39 Gripen. These include air missiles, ground weapons and reconnaissance capsules. (Advance of Left stone Alice Åström in parliament in 2004) Defense.

In 2002, Israeli military equipment were tested on Swedish soil. A driver loose plan produced by Israel Aircraft Industries, started and ended in Kiruna and flew test loops down to Vidsel and back. The plane was driven from the airport in Kiruna. According to sources within the United Nations and UNRWA, the type of plane used by Israel during the incursions in the Gaza Strip. (Advance of Green Yvonne Ruwaida in parliament in 2005) Per Roijer

Kommentaare ei ole: