Thursday, July 23, 2009

Israel does not expect the US to limit use of loan guarantees ... despite dispute with Washington

Haaretz, here
"... 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 guarantees have been instrumental in allowing Israel to raise money more cheaply and in sovereign ratings upgrades by credit rating agencies. Israel still has $3.8 billion left to use by 2011 after already issuing $4.1 billion in bonds backed by the U.S. and a $1.1 billion deduction for Israeli settlement building and concerns over the West Bank security fence.......
............Palestinians are looking to set up a state in the West Bank and East Jerusalem, land Israel captured in the 1967 Six Day War."

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