EU expands partnership with Israeli settlement builder

EU ambassador to Tel Aviv Emanuele Giaufret, left, at a ceremony for Horizon 2020 grant recipients last year. The EU uses the science program to channel funding to Israel’s war industry. (via Twitter)

The European Union is expanding its partnership with Bank Leumi, a major financier of Israeli settlements on Palestinian land in the occupied West Bank.

The EU claims to oppose Israel’s construction of settlements in the occupied territories, a war crime.

On Monday, Emanuele Giaufret, the EU ambassador in Tel Aviv, trumpeted news that the European Investment Fund and Bank Leumi are expanding a loan program for tech companies in Israel.

Called LeumiTech, the program was launched in 2016 with an initial $100 million.

Under the expanded partnership, the EU’s European Investment Fund will provide guarantees for up to $620 million of LeumiTech loans.

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About Cholo Brooks 14517 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.