Economist warns EU sanctions could cost Israeli economy billions of dollars

Economist warns EU sanctions could cost Israeli economy billions of dollars

Professor Dan Ben-David, seen during a Knesset committee discussion on how to encourage young Israelis from immigrating to other countries, June 25, 2014. (Photo: Hadas Parush/Flash90)

Professor Dan Ben-David, a prominent economist at Tel Aviv University, warned on Wednesday that Israel could lose billions of dollars if the European Union follows through on its threat to cancel its trade agreement with the country.

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