Marc39
Rookie
- Jun 19, 2009
- 10,018
- 204
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- Banned
- #141
...cripple Israeli banks.
"Banking is the lifeblood of any economy."
In the 1980s the international banking sanctions campaign against apartheid South Africa focused on New York banks to bring about a nonviolent end to South African apartheid.
"The campaign culminated in President FW de Klerk's announcement in February 1990, releasing Nelson Mandela and other political prisoners, and the beginning of constitutional negotiations towards a non-racial and democratic society."
Today Belgium, not New York, most directly affects Israel's access to the international banking system since the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is located there.
"SWIFT links 8,740 financial institutions in 209 countries. Without access to SWIFT and its interbank payment network, countries are unable either to pay for imports or to receive payment for exports.
"In short, no payment -- no trade.
"Should it come to a point where trade sanctions are imposed on Israel, it may be able to evade them. Instead of chasing trade sanctions-busters and plugging loopholes, it is both faster and much more effective to suspend the payment system."
To end the occupation...
The occupation is Arab occupation of Jewish land.