S&P Upgrades Israel Credit Rating

Discussion in 'Israel and Palestine' started by GHook93, Sep 9, 2011.

  1. GHook93
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    GHook93 Aristotle

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    All the antisemites that say Israel's days are number have don't know the reality on the ground. Most of the antisemites who say this have never been to Israel, so they have no idea how well the country is doing.

    Well the experts know how she is doing and that is why they gave her a A+ credit rating!
    Of course the antisemites will say the Jews own S&P or the financial markets and they manipulated it that way! Typical weak response from mental midget (yep PF I am talking to you)!

     
  2. P F Tinmore
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    P F Tinmore Platinum Member

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    RAMALLAH (IRIN) - West Bank trade remains largely isolated from global markets due to restrictions imposed on the movement of goods, according to a July 2011 study by the UN Conference on Trade and Development (UNCTAD).

    Constraints on imports and exports inflate prices for Palestinian businesses and consumers, apparent as families struggled to buy gifts during the recent Eid holiday.

    Constraints facing Palestinian trade to or via Israel include access within the West Bank itself prior even to reaching the boundary with Israel or Jordan; a time-consuming and expensive back-to-back truck loading system; and severe scrutiny measures imposed at the border crossing to Jordan (Allenby or King Hussein Bridge, the West Bank’s only international crossing point) and the commercial crossings between the West Bank and Gaza and Israel, according to an unpublished World Bank report drafted in February 2011.

    “The back-to-back system, internal West Bank checkpoints, and the clearance process at Israeli ports that require Palestinian goods to be searched several times and often held in warehouses for long periods, delay trade,” said the Palestinian Authority’s (PA) deputy economic minister Abdel Hafiz Nofal.

    Barriers to imports and exports increase the cost of trade transactions by about 40 percent, he said.

    If Nassar sends one truck from Bethlehem to Ashdod or Haifa port in Israel for sea-shipment, with two containers of stone (16 tons per container), it should cost $550-650, but Nassar pays double for the extra trucks required.

    Nassar is also reducing the amount of material per truck from 20 to 16 tons to allow dogs used by Israeli authorities to maneuver inside for security checks. Asfour estimates a 20 percent loss in transportation costs on each truck.

    The international standard is 20 tons per container, and under normal trading conditions a truck is scanned as it crosses the border, according to Asfour.

    “Scanning entire trucks is more efficient and secure than manual searching with dogs,” says Asfour, and “Sometimes our materials stay two to three weeks in Israeli ports, which incur extra storage costs.”

    Deceptive data

    Recent evidence published by the Bank of Israel suggests that of the total Palestinian imports from Israel reported by official statistics, only 42 percent are actually goods produced in Israel, says UNCTAD.

    “The remaining 58 percent are produced in a third country, and transit to the OPT [occupied Palestinian territories] via Israel. Factoring out these `indirect’ imports negates the overstated importance of the Israeli economy to that of the OPT. The officially reported share of imports from Israel would be closer to 35 percent, rather than 75 percent, of all Palestinian imports. Under normal trade and transit conditions, therefore, Israel would no longer enjoy overwhelming dominance as the leading OPT trading partner. This underscores the failure of Palestinian-Israeli convergence and economic integration under prolonged occupation. And… this arrangement deprives the PA of significant customs revenue that it needs in order to meet essential obligations, lower its structural budget deficit, and reduce aid-dependence,” the UNCTAD report says.

    Israel chokes Palestinian trade, says UN study | The Electronic Intifada
     
  3. GHook93
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    GHook93 Aristotle

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    I guess no credit rating upgrade for the Palestinians! :eusa_angel:

    If they don't want road blocks then quit killing Israeli civilians! Simple as that.

    If they wanted their own country than Arafat should have agreed to the Camp David Agreement and accepted 98% of the land they wanted!
     
  4. P F Tinmore
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    P F Tinmore Platinum Member

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    Israeli settlers are not considered "civilians" by the Forth Geneva Convention.

    They were offered 98% but included the afore mentioned restrictions along with others.

    Such a deal!
     
  5. GHook93
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    GHook93 Aristotle

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    Little man you know very little!

    Yep the restriction was to run your own country and take on your own people, since the Israel won't be doing that.

    AND YES IT WAS A SPECTULAR DEAL!!! Only a mental midget like you wouldn't realize that!
     
  6. Moonglow
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    Moonglow Diamond Member

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    Israels credit rating should go up, after all the billions we give them.
     
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  7. GHook93
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    GHook93 Aristotle

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    It makes a 1/10 of 1% of there GDP! That ain't making them. Heck the billions we give to Pakistan, Egypt, African Nations, Latin American nations and even the PLO hasn't made them!

    The billions we give them are primarily for defense and the money is spent on US ARMS DEALERS!!!

    The billions we give them has little to nothing to do with their success.
     
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  8. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    Israel is doing quite well, people who say "Israels days are numbered" are living in a dream world, Israel is not going anywhere.
     
  9. Failzero
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    Ditto this ,& Arabs have skinny ankles too ...
     
  10. Jos
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    Jos BANNED

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    Standard & Poor's today reiterated its A/A-1 sovereign credit rating for Israel with a "Stable" outlook. However, in line with Friday's downgrade of the US credit rating from AAA to AA+, S&P downgraded US guaranteed Israeli government bonds to AA+.
    S&P reiterates Israel's A bond rating - Globes
    The US Guarantees Money lent to Israel, such a deal
     
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