Penelope
Diamond Member
- Jul 15, 2014
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After labeling goods, EU sets sights on Israeli banks
European Council on Foreign Relations calls on EU to differentiate between activities in Israel and in disputed territories, targeting banking, loans, tax-exemption status and recognition of professional qualifications from West Bank institutions.
The European Union agreed this week to push ahead with labeling Israeli goods made in settlements in the West Bank, a move that has alarmed the Israeli government; but now there are proposals to go much further, including targeting Israeli banks.
"Do day-to-day dealings between European and Israeli banks comply with the EU requirement not to provide material support to the occupation?" the report asks, saying it is an issue that EU member states have yet to resolve.
The issue extends into loans and mortgages. An Israeli with dual European citizenship should, in theory, not be able to use a settlement property as collateral for a European loan since Israeli-issued property deeds are not recognized.
Another area in which the EU may be in violation of its own rules relates to European charities that are tax-exempt while using funds to support activities in the settlements, which the EU regards as illegal under international law.
EU to stop recognizing degrees from Ariel University in the West Bank?
Likewise, there is a question mark over whether the EU should be dealing with Israeli institutions - such as the Ministry of Justice and the national police headquarters - which are based in East Jerusalem.
The Israeli government has described Europe's steps on labeling as discriminatory and wrong-headed, suggesting they are akin to the Boycott, Divestment and Sanctions (BDS) movement, which Israel regards as anti-Semitic. ( un no its not, its just attacking illegal activity)
After labeling goods EU think tank sets sights on Israeli banks - Israel News Ynetnews
European Council on Foreign Relations calls on EU to differentiate between activities in Israel and in disputed territories, targeting banking, loans, tax-exemption status and recognition of professional qualifications from West Bank institutions.
The European Union agreed this week to push ahead with labeling Israeli goods made in settlements in the West Bank, a move that has alarmed the Israeli government; but now there are proposals to go much further, including targeting Israeli banks.
"Do day-to-day dealings between European and Israeli banks comply with the EU requirement not to provide material support to the occupation?" the report asks, saying it is an issue that EU member states have yet to resolve.
The issue extends into loans and mortgages. An Israeli with dual European citizenship should, in theory, not be able to use a settlement property as collateral for a European loan since Israeli-issued property deeds are not recognized.
Another area in which the EU may be in violation of its own rules relates to European charities that are tax-exempt while using funds to support activities in the settlements, which the EU regards as illegal under international law.
EU to stop recognizing degrees from Ariel University in the West Bank?
Likewise, there is a question mark over whether the EU should be dealing with Israeli institutions - such as the Ministry of Justice and the national police headquarters - which are based in East Jerusalem.
The Israeli government has described Europe's steps on labeling as discriminatory and wrong-headed, suggesting they are akin to the Boycott, Divestment and Sanctions (BDS) movement, which Israel regards as anti-Semitic. ( un no its not, its just attacking illegal activity)
After labeling goods EU think tank sets sights on Israeli banks - Israel News Ynetnews
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