If the euro area breaks up, it would likely hurt economic growth in Israel and lead to higher unemployment and less tax revenue. Such were the predictions this week at a conference in Maaleh Hachamisha attended by senior finance and banking experts.
If the euro collapses, Israel’s exports to Europe would drop by an estimated 8%. However, if Greece alone leaves the Eurozone, exports would drop by only 0.6%.
Tamuz 27, 5777, 7/21/2017