Israel: A Dangerous Place to Live but Good for Short-Term Profits in US$

In-depth Report:

Not recommended as a safe place in which to bring up a family or for long-term retirement.  However, short-term gains still possible on the Tel Aviv bourse (TASE) provided profits repatriated, and in US$:  

‘Between 1948 and 1997, 20,093 Israeli soldiers were killed in combat, 75,000 Israelis were wounded, and nearly 100,000 Israelis were considered disabled army veterans. According to the Israeli Ministry of Foreign Affairs and the Anti-Defamation League, a total of 1,194 Israelis and foreigners were killed and 7,000 wounded between September 2000 and August 2010 by Palestinian terror attacks (most of them during 2000–2005 Second Intifada); while more than 3,000 Israelis have been killed and 25,000 have been wounded as a result of Palestinian violence and hostile enemy action (without including wars) since the establishment of the state of Israel in 1948 until today. Palestinians killed 1,074 Israelis and wounded 7,520 between 2000 and 2005’

During the 1st Intifada 1987-1993, Israel sustained casualties of 660
During the 1st Lebanon War casualties were 7,225
During Operation Cast Lead casualties were  531
During Operation Protective Edge casualties were  601
During 1993-2000 political violence accounted for casualties of 669
During 2nd Intifada casualties were 9,863
During 2nd Lebanon War casualties were 2,237
During Sinai War casualties were 1,130
During Six Day War casualties were 5,293
During War of Attrition casualties were 4,251
During War of Independence total casualties were 21,400
During Yom Kippur War total casualties were 11,656

Between 2000 and 2006, Israelis killed by suicide bombings were 540

CONCLUSION:  Britain, France, Europe and the United States are all far safer places to live than in Israel. The prospects now for any peaceful settlement in former Palestine with the emergence of an extremist right-wing, Netanyahu government intent on extending illegal settlements and alienating both its neighbours and the international community, yet further – is nil.

Not recommended as a safe place in which to bring up a family or for long-term investment or retirement.  However, short-term gains are still possible on the Tel Aviv bourse (TASE) provided you repatriate your profits smartly, and in US dollars.  But beware of possible changes in bi-lateral trading conditions and a restricted access to the European single market.

EUnewsdesk   12 May 2015

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Articles by: Anthony Bellchambers

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