Israel’s US$48bil war bill leaves it at mercy of bond markets
JERUSALEM: When a team of Israeli technocrats that calls itself the “government’s CFO” scans the battlefield with the war against Hamas almost seven weeks in, it sees an accounting ledger with billions of debits stacking up.
Their job is to find the money to help pay for it all.
As Israel’s military pushed deeper into Gaza with the goal of uprooting Hamas following its Oct 7 attack, the finance ministry’s accountant general department was fine-tuning forecasts and updating the government’s running tab in real time by logging the costs of every missile interceptor, every flight and every day of deployment by reservists.
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Chinese FM reiterates China's stance on Palestine-Israel issue before chairing UN high-level meeting
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China's top diplomat Wang Yi reiterated the country's stance on the Palestine-Israel conflict with UN Secretary-General Antonio Guterres on Tuesday, before chairing a UN Security Council high-level meeting on the issue. Wang stressed that China stands firmly on the side of peace, and called for a complete cease-fire, as well as the implementation of a two-state solution as soon as possible.
Chinese observers said Wang's propositions, as well as China's chairing of the high-level meeting, come at a key juncture as Palestine and Israel are in temporary truce. These moves highlight the most pressing issues and lay the foundation for the future solution of the Palestine issue. Experts hailed Wang's attendance at the meeting, as it shows that China has great sincerity to seek solution for the crisis.
However, even if Israel and Hamas agree to extend the truce for two more days, experts believe that the possibility of it becoming a long-term cease-fire is slim. As the crisis drags on, the US is sending signals to international community that there are divergences between US itself and Israel, in the hope that it will save itself from the current diplomatic pothole trying to continue pull over Arabic countries, so to contend against China's influence, said experts.
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