Yair Lapid warns of economic crisis

OCCUPIED PALESTINE, Aug. 14 (YPA) – Israeli opposition leader Yair Lapid warned of an economic disaster following Fitch Ratings’ downgrade of Israel’s credit rating.

“The finance minister and prime minister both issued statements yesterday in which they said that the lowering of Israel’s credit rating is a result of the war,” Lapid said in a post on his X account , referring to the decision by Fitch to downgrade Israel’s rating from A+ to A.

“That is a lie. Both of them are lying to the public,” he added.

“In an economic crash, there will also be a security risk,” he said. “The Israeli economy is the thing that pays for the security expenses. An economic crisis will lead to the fact that at our worst moment, we will have no way to finance our security needs.”

In response to Fitch’s downgrade of Israel’s credit rating, Netanyahu’s office claimed on Tuesday that “Israel’s credit rating will improve once the country wins the war in the region.”

@E.Y.M