'Huge uncertainty' for investors and economy as Israel's government pushes for controversial reforms

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'Huge uncertainty' for investors and economy as Israel's government pushes for controversial reforms
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The right-wing governing coalition's planned legal overhaul would significantly weaken Israel's judiciary.

Israel's shekel is down more than 6% in February and at its lowest against the dollar in three years.

Israeli Prime Minister Benjamin Netanyahu speaks as he and Finance Minister Bezalel Smotrich hold a news conference to present their plan for dealing with price increases in Israel's economy at the Prime Minister's office in Jerusalem, January 11, 2023.Israel's shekel is down nearly 6% in February and at its lowest against the dollar in three years, as political turmoil surges over controversial judicial reforms pushed by the right-wing government of Benjamin Netanyahu.

Former Israeli Prime Minister Ehud Barak called the plans "an assassination of the Declaration of Independence, which will turn Israel into a dictatorship," and described the current situation as "the worst crisis since the formation of the state." Giving the most control over appointing judges to the ruling coalition, rather than to a current set committee of legal experts and representatives

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