“Credit marking” means that each Israeli bank which provides mortgage for the purchasing of an Apartment in Maale Adumim, Ariel, certain Places in Modi’in etc. enters the blacklist. The Europeans include also Jerusalem, Ariel, Golan heights, road 443 and parts of road 1 under the term “conquered territory”. There is not a bank in Israel that is not involved in activities in these areas. Every credit given to a business, every mortgage, can mean the bank risks a European boycott. “It has an enormous implication”, a senior in the banking system says, “the meaning of this is a siege upon the Israeli economy, a kind of SHUT DOWN. In such a situation we will have to organise and refer to the PM. Solutions for such an issue can only come in the national arena. It’s already far more than a just a financial issue per se.
The assessment is, that soon the banking system will exit the bunker and attempt to form an organised policy vis-a-vis the government. In such a situation, it is expected that heads of the banks will meet with the Finance Minister and PM and discuss a “credit and financial safety net for the banks against the new danger”. It is doubtful whether the government is able to produce such a safety net.
“We must admit that this is a national issue, we too are aware that there is no trick that can solve this affair”, they say in the banking system, “but this does not lessen our concern. We are speaking about a mega-event which we must prepare towards and digest. This is what we are currently trying to do”.