News Briefs

  Tevet 24, 5770 , 10/01/10

Steinitz: Israel Has Not Been Using Loan Guarantees

In the wake of threats by U.S. envoy George Mitchell that Washington may pull its loan guarantees to Israel if Jerusalem does not make concessions to the Palestinian Authority, Finance Minister Yuval Steinitz said Sunday that Israel was not planning to use the guarantees anytime soon anyway, and that Israel had no trouble raising money on its own without the guarantees. In addition, he said, the U.S. had renewed the guarantees for 2010 and 2011, with no strings attached.

Steinitz said that "Israel has and continues to make an effort to renew talks, including granting difficult 'gestures.' I have received no indication that the U.S. plans to use the guarantees to pressure us."

Other archived news briefs:Jan 10 2010, 12:13 PM, 1/10/2010