Gov't decides to extend credit for investments with Greece

September 15, 2011 17:59


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

As part of Israel's rapidly developing ties with Greece, the government foreign credit agency on Thursday, in accordance with Prime Minister Binyamin Netanyahu's directives, decided to extend an enlarged line of credit for investments and transactions with Greece.

Under the plan, the government will essentially guarantee up to $100 million worth of business for Israeli firms investing or trading with Greece. The idea, according to government officials, is to support growing economic relations with Greece.

The move, at a time when Greece is going through dire economic straits, comes some two months after Greece acted strongly to prevent Gaza-bound vessels from departing its ports.

Related Content

Breaking news
July 18, 2018
Explosions heard in Iraqi city of Kirkuk