Sunday, August 07, 2005

Debka: Netanyahu Resigns

This is interesting. Stocks dropped 4% in Tel Aviv on the news. Do investors in Israel really believe that the expulsion is a positive thing? Wouldn't you think the market should go up if the country has a little better chance of thwarting the creation of a Islamokazi Hamasland in its very midst? Strange. Anyway, I guess Netanyahu figured out that he was finished if he didn't make this move. It's good. Maybe others will follow.

Here is Debka's initial report:

Finance minister Binyamin Netanyahu has resigned. He walked out of cabinet meeting Sunday that was scheduled to approve first evacuations from Gaza.

August 7, 2005, 4:10 PM (GMT+02:00)

Netanyahu left session in the middle leaving a letter on the cabinet table. He announced his refusal to be part of the “irresponsible” and “blind advance” towards a unilateral withdrawal from the Gaza Strip and its handover to be “an Islamic terror base” posing extreme peril to the nation and Jerusalem.

Earlier, education minister Limor LIvnat said she would vote against the first Gaza withdrawals from Netzarim, Morag and Kfar Darom due to begin in 10 days. Three more Likud ministers Danny Neveh, Israel Katz and Tsachi Hanegbi oppose the evacuations which has a cabinet majority without the Likud ministers.

Stocks fall 4% with announcement.


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