Monday, August 1, 2011

Thousands of Israelis go on strike

Thousands of Israelis march in Tel Aviv on July 30, 2011.

Source: Press TV

Over 150,000 municipal workers have gone on strike as popular protests against Tel Aviv's handling of the economy continue to sweep across Israel.

The one-day strike was observed on Monday over two weeks after the Israelis first took to the streets to protest against social inequalities and high housing and living costs.

The regime of Prime Minister Benjamin Netanyahu has arrested many protesters so far.

The demonstrators say they can no longer afford the sky-rocketing housing prices, which have jumped by 50 percent in recent years.

They are also calling on the regime to curb the high costs of fuel, food and healthcare.

The largest protest was held on Saturday, when some 150,000 anti-government protesters took to the streets in several cities.

Additionally, several protesters on Thursday occupied the roof of the Tel Aviv stock exchange in what one of them termed a "symbolic gesture" against Netanyahu's handling of the economy.

"Ten big companies control 80 percent of the stock market and take all the fruits of the growth in the national economy," one of the protestors said on Thursday.

Meanwhile, Bank of Israel Governor Stanley Fischer on Monday expressed surprise that Israelis have been protesting as he believes "the economy is doing well," Ha'aretz reported.

Israel's Finance Ministry Director-General, Haim Shani, has announced his resignation over differences with Finance Minister Yuval Steinitz.

The Israeli finance minister says the reforms demanded by protesters could lead to “anarchy” or a US and European-like crisis in Israel.

Furthermore, in a bid to quell the protests, Netanyahu is reportedly setting up a team of ministers and economist to examine the demand of protesters.

The protests have exposed deep frustration over the economy, presenting Netanyahu with his biggest domestic challenge yet.

No comments:

Post a Comment

Thanks for commenting on this post. Please consider sharing it on Facebook or Twitter for a wider discussion.

Russia Today (Live)

World News 2017

South Front Military Review 2017

Syria - News 2017

Venezuela News and Opinion

Yemen News 2017

Palestine & Israeli Crime 2017

Iraq News 2017

US News 2017

Debate – Global Issues 2017

Current Affairs - Important Interviews – 2017

Important Information 2016 - 2017

The Russian Perspective

Turkey News 2017

Ukraine News 2016 - 2017

Iran News 2016 - 2017

Important Documentaries

Viewpoint, Discussion & Opinion - 2017

Global Economic News 2017

Egypt News 2016 - 2017

Libya News 2016 - 2017

Bahrain News 2016 - 2017

Abby Martin – Empire Files

George Galloway – Comment & Opinion

Sheik Imran Hosein - Islamic Eschatology

English FA Cup 2016 – 2017

New Age Weather

Space News

Music for the Revolutionary Mind

Global Revolution LIVE!

Watch live streaming video from globalrevolution at

Japan’s 3 Nuclear Meltdowns STILL ongoing (News Censored)