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http://www.imemc.org/article/72609

Bank heads in Israel are “panicking” over recent recommendations by the 
European Council on Foreign Relations that the EU abide by its own laws and not 
work with Israeli banks invested in the occupied Palestinian territory, reports 
the Hebrew-language daily Ma'ariv.

“This is a mega-event and if it occurs, the economic implications for the banks 
and Israeli economy are huge,” a senior Israeli banking official told Ma'ariv. 
“It can bring us to very difficult places and this topic requires management of 
the highest levels,” he added.
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