You know what he's worried about, don't you? - Comment - Israel News | Haaretz Daily Newspaper
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    • Johnboy
    • 08.06.10 | 03:58 (IDT)

    "One day, during one military operation or another, the markets will stop believing that we can honor our enormous debt." That's code, gentlemen. That's code for "when the USA withholds its loan guarantees". The moment that happens is the moment that the bottom falls out of the Israeli economy, because NOBODY will lend the Israeli govt any money if Uncle Sugar isn't promising to make good the shortfall.

    from the article: The highway to economic hell
    First published 01:53 08.06.10 | Last updated 01:53 08.06.10
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