Ex-Bank of Israel chief slams PM for ignoring warnings on overhaul’s economic danger

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Jacob Frenkel, a former Bank of Israel chief who until recently chaired JP Morgan Chase International, on Saturday warned of the negative impact of the coalition’s far-reaching plans for overhauling the judicial system, and lambasted Prime Minister Benjamin Netanyahu for disregarding international economic institutions’ concerns about the plans.

“I’m very surprised” by what Netanyahu is doing, he told Channel 12 news.

“When JPMorgan makes a recommendation — take it very seriously,” Frenkel said, referring to a company internal memo released Friday, which warned of the growing risk of investing in Israel.




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