Yes,unfortunately this is a very real future scenario. This may well be the end of Israel's visa-waiver agreements, particularly throughout Europe.Israeli citizens may well need visas to travel anywhere in the future, including rigid background checks and interviews etc. A sad day indeed, particularly for Israelis who do not have dual citizenship or EU passports...
Shaffir to Herzog: Opposition failed to show leadership in political battles against PM (Haaretz)
from the article: Report: Australia already warned Israel against faking passports