Israel Doesn't See U.S. Limiting Loan Guarantees

[Purveyor]

Israel does not expect the United States to limit use of loan guarantees despite a dispute with Washington over building in East Jerusalem and in West Bank settlements, Finance Minister Yuval Steinitz said on Thursday.

"I don't see any limitations on the horizon. It's not time to be concerned about that," Steinitz told reporters.

He added that Israel would prefer not to use them.
"I don't see any need to use them in the near future," Steinitz said. "But it's good they are there."

The finance minister noted that prior disputes over settlement building have led the U.S. to deduct rather than cancel the guarantees.
In 2002, to help Israel deal with a recession caused by a global downturn and a wave of Palestinian suicide bombings, the U.S. provided a package of $9 billion in loan guarantees, where Israel could sell bonds internationally with the backing of the United States.

The guarantees have been instrumental in allowing Israel to raise money more cheaply and in sovereign ratings upgrades by credit rating agencies.

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HAARETZ: http://www.haaretz.com/hasen/spages/1102439.html

[fascisthunter]

1. yeah... and as long as the US doesn't Limit use of Funding it will do as it pleases

how a government should expect funding even after what has been done to Palestinians is disgustingly delusional. My, Israel's government keeps reminding me of wimpy punk who always needs and expects his big brother to come along and fight for him...

Here's a clue regarding money and the need for a bailout from US tax payers. Stop spending it on a military used to take land away from people you hate. We owe you shit! Got it? You owe us.

[Classic_Liberal2]

2. Enough

We need to stop shoveling money to Israel. Without foreign support they will be forced to engage their neighbors in constructive dialog instead of bulling everyone.