| Author | Message | | Alpha | | Posted: Mon Aug 21, 2006 6:01 am Post subject: US extends loan guarantees to Israel until 2011 |
| From: "Jeffrey Blankfort"
Date: Sun, 20 Aug 2006 18:59:44 -0700
Subject: [IntelligentMinds] US extends loan guarantees to Israel until 2011
This is to help pay for Israel's war on Lebanon. No surprise and no surprise that this has not been reported in the US press. The Congress needs to approve this extension. This is a moment to bring whatever pressure and publicity to bear to stop this from happening. While there is no chance of succeeding in an election year (or any year, for that matter, given the lobby's power), we have to start educating the public about what is being done in their name with their money.
12:29 , 08.20.06
http://www.ynetnews.com/articles/0,7340,L-3293331,00.html
Loan Guarantees
US extends credit line to Israel
Bush administration agrees to extend by three-year loan guarantees for Israel given to Israel in 2003; Israel has used USD 4.9 billion of a total USD 9 billion
Ynet
The Bush administration has agreed to an Israel demand that a loan guarantee deal be extended by an additional three years, until 2011.
The Congress needs to approve the move.
Finance Minister Abraham Hirchson said the administration's conceding to Israel's request underscores Washington's faith in Israeli economy.
In 2003, the United States approved a USD 9 billion aid package to Israel in the form of loan guarantees which allow Israel to borrow money on the international market for low interest rates.
Israel has used less than half of the fund leaving USD 4.6 billion in available cash.
Finance Minister Director General Yossi Bachar discussed the extension of the loan period with US Deputy Treasury Secretary Robert M. Kimmit.
Hirchson praised the Administration for expressing faith in Israel's economy.
Bachar will leave for New York on Wednesday where he will present to officials and investors the Israeli government's fiscal plans after the war in the north.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000124314&fid=942
Last edited by Alpha on Mon Aug 21, 2006 7:28 am; edited 3 times in total | |  | | Alpha | | | | | ©2002-2009 WarWithoutEnd.co.uk | 
