Netanyahu: Brexit Has “No Direct Effect on Israel”

Jerusalem, 26 June, 2016 (TPS) -- Prime Minister Benjamin Netanyahu addressed Britain’s exit from the European Union, saying: “There is no direct effect on Israel apart from the fact that we are part of the global economy.”

“Over the weekend I held a discussion with the Finance Minister, the Governor of the Bank of Israel, Avi Simhon and other people, including professionals, regarding the implications for the Israeli economy. I can say one thing: The Israeli economy is strong,” Netanyahu added. “It has very considerable foreign currency reserves; therefore, to the extent that there is some effect, it is not expected to be strong, other than unrest in the global economy. I think that as this process is begun, Israel is in a good position.”