Overhaul will inflict serious economic damage: Israeli economist
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"Israel's" former chief economist says a unilateral formula to change the political system without wide consensus can inflict very serious economic damage.
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Thousands of Israeli settlers march from "Tel Aviv" to occupied Al-Quds, on July 22, 2023 (AP)
"Israel's" former chief economist of the Ministry of Finance, Yoel Naveh, warned that the insistence of Israeli occupation Prime Minister Benjamin Netanyahu on passing the judicial overhaul will severely harm the Israeli economy, Israel media reported.
On Sunday morning, the Israeli Knesset started the process of deliberating a bill that would eliminate judicial assessment of the "reasonability" of cabinet and ministerial decisions.
According to Naveh, a unilateral formula to change the political system in a way that does not enjoy wide consensus can inflict very serious economic damage.
In the same context, the Israeli Channel 12 reported that there is an ongoing discussion over a possible strike in the Israeli economic sector, in protest against the judicial overhaul, adding that the leaders of the economic sector will meet on Sunday evening to discuss the matter.
In addition, The Times of "Israel" mentioned that "the heads of major businesses will meet later this evening as they deliberate declaring a strike to protest the judicial overhaul."
Israeli media noted that the strike would include commercial centers, gas stations, high-tech companies, law firms, and factories, pointing out that the decision is dependent on the stance of Histadrut, "Israel's" general trade union center.
This comes as the media reported that thousands of Israeli settlers arrived in the vicinity of the Knesset to protest against the approval of the judicial overhaul, with the increasing momentum of the demonstrations.
Concurrently, Israeli media reported that pro-overhaul supporters began gathering on "Kaplan Street" in "Tel Aviv" for a protest in support of the government's plan.
Al Mayadeen correspondent indicated that what is happening in the meantime is one protest in the face of another.
On Saturday, more than half a million settlers participated in anti-overhaul demonstrations, which entered the 29th week in a row.
Read more: Netanyahu undergoes heart procedure as protests intensify
