Finance Minister Bezalel Smotrich faced international backlash after announcing his plan to cut Palestinian banks off from the global financial system. Although not yet approved by the Israeli government, this proposal could trigger severe economic consequences, increasing tensions in the region. Experts, including Raja Khalidi and Shahd Hammouri, raised concerns about the adverse impacts on the Palestinian economy, potential violations of international law, and likely repercussions from the global community, which may lead to further isolation for Israel amid growing tensions in the region.
Smotrich's proposal to sever Palestinian banks from the global financial system raises significant concerns. Experts predict that such a move would destabilize the Palestinian economy, leading to increased poverty and economic tension.
The consequences of Smotrich's plan could lead to further international isolation for Israel, as it would be seen as a direct attack on Palestinian autonomy and financial sovereignty.
Raja Khalidi emphasized the potential backlash from the international community, foreseeing that cutting off Palestinian banks could provoke wider protests and unrest across the region.
Shahd Hammouri discussed the legal implications of Smotrich's initiative, suggesting that it may violate international norms regarding the treatment of Palestinian entities.
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