French megabank BNP Paribas pulls out of Israel after pressure from boycott campaign
By Saed Bannoura | IMEMC News | November 26, 2011
The French bank, BNP Paribas, has decided to cease operations inside Israel, after the bank was targeted by the international Boycott, Divestment and Sanctions (BDS) campaign, which aims to use economic pressure to get Israel to adhere to its obligations and abide by international law.
Although the bank stated that its withdrawal from Israel was not due to the pressure campaign, but instead due to heavy losses sustained during the Greek financial crisis, Israeli officials and bankers have stated that they believe the bank gave in to pressure from European human rights groups to pull out of Israel.
BNB Paribas will close its offices and lay off sixty employees in Israel, and will end its financing of projects in the Jewish state.
The Governor of the Bank of Israel, Stanley Fischer, told reporters from the Israeli newspaper Ha’aretz that he had met with top executives from BNB Paribas several times, and exchanged harsh words with them when they announced their decision to leave Israel.
The Bank of Israel is a private institution that prints currency for the Israeli government and regulates interest rates in Israel. It is the successor to the Anglo-Palestine Bank, which carried out those functions until 1948, when the state of Israel was created on the land of historic Palestine.
BDS campaigners have targeted banks, financial institutions, businesses and universities around the world that have investments inside Israel. The movement has compared itself to the anti-apartheid movement against the white South African government in the 1980s. Some of the main organizers of the BDS campaign against Israel are South Africans who compare the situation of Palestinians to that of black South Africans under the racist apartheid system. The group includes Archbishop Desmond Tutu, President Nelson Mandela, and the largest trade union in South Africa, COSATU.
In recent years, the BDS movement has succeeded in convincing dozens of businesses to pull out of Israel; including the Deutsche Bank divesting from Elbit, a company involved in construction of the Israeli Annexation Wall; the Norwegian government’s divestment from an Israeli security firm; and Harvard University’s decision to divest from Israeli companies.
The group hopes that by using economic pressure, they can convince the Israeli government to end its occupation of Palestinian land, and cease its discriminatory laws that target Palestinians.
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November 25, 2011 - Posted by aletho | Economics, Illegal Occupation, Solidarity and Activism, Timeless or most popular | France, Israel, Palestine, Zionism
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The Fiction of the Jewish History in Palestine
By Hasan Afif El-Hasan | The Palestine Chronicle | April 8, 2011
Prime Minister Benjamin Netanyahu told NNC Pierce Morgan on March 18, 2011 that he might agree to a Palestinian state through negotiations. And he added, “We will make territorial concessions although it is very painful to do that in our ancestral land.” Netanyahu was not talking about Poland where his ancestors lived. He was talking about Palestine where generations of its indigenous population ancestors lived, cultivated the land and are buried.
By the end of the nineteenth century, Zionism created a new Jewish identity of blood and soil. To mobilize their followers and supporters and appeal to their emotions, the Zionists created myths. Zionism started as a tribal religion without god, but in order to fulfill its function as a unifying force, Zionism required external religious and race symbols, not inner content. Its leaders regarded metaphysical religious belief and purity of race as having value in itself. They created a divine paradisiacal state of merger with the gods. Despite his non-religious ideology, Herzl’s writings were replete with religious references. The Jews should settle in Palestine because, in his words, “the Temple will be visible from long distance, for it is only our ancient faith that has kept us together”.
The Zionists and their supporters have invested tremendous financial and scholarly resources to work within the Hebrew Bible historical narratives to affirm the links between the intrusive Zionist population and the ancient Israelite past, and by doing so assert the right of that population to the land. The political end-game shaped the investigation and the outcome. Tracing the roots of Israel’s ethnic state in biblical antiquity is effectively to silence the indigenous Palestinian claim to the past and therefore to the land. The Biblical scholarship employs a bewildering array of terms for the region: “the Holy Land”, “the Land of the Bible”, “Eretz Israel”, “the Land of Israel”, or “Judah and Samaria.” To the casual reader these names appear interchangeable, but they all imply connection to ancient Israel.
Biblical narratives or poems that cannot be supported by archeology and common sense are treated by the Zionists and their supporters as historical language. … continue
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