Lapid: If Talks With Palestinians Collapse, Economy Will Be Battered

Massive loss of trade with Europe, 10,000 to lose their jobs immediately if talks fail, finance minister warns.

If talks with the Palestinians break down, a “medium-range scenario” prepared by treasury experts shows the Israeli economy getting battered by a massive loss of trade with Europe, with 10,000 people getting fired “immediately,” Finance Minister Yair Lapid warned Wednesday.