The uncertainty afflicting Israel's political situation extends deep into the business sector.
based in Jerusalem, disagrees. Isaac Litman has seen no impact on external investments, even as he acknowledges they're crucial to his company and Israel's economy.
Litman said he agrees that investors always have to evaluate risks, but he believes that concerns will be alleviated in six months. The current turmoil is "a stress test of sorts to startups and investors," Litman said, but "we are resilient, our economy and workforce is strong, and we can withstand this."
Weingarten's big fear is an irreparable divide in Israel, a country where a great degree of unity was once seen as a given.Recent polls show two-thirds of Israelis are against the plan to change the judicial system. The economy has taken a serious hit from the political fight. The shekel has recovered from its lows, but it was down by 10% against the dollar in recent weeks. The Tel Aviv Stock Exchange is down 20% so far this year."For things to get better, Netanyahu's poll numbers need to be in freefall" he said. Such a drop would make the prime minister push his right-wing coalition partners into a deal that's more aligned with the country's citizens at large.
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