Image Credits: Reuters
Israel’s prominent business leaders are calling on Prime Minister Benjamin Netanyahu to retain Defence Minister Yoav Gallant, amid reports of a potential shake-up in the government. The Israel Business Forum, representing 200 top executives from the nation’s largest companies, issued a statement urging Netanyahu to halt any plans to dismiss Gallant. The forum argues that such a move would exacerbate national divisions and weaken Israel’s position during a critical period.
Recent reports suggest that Netanyahu, facing pressure from far-right coalition partners, is considering replacing Gallant with Gideon Saar, a former ally now in the opposition. This potential shift comes as Israel remains engaged in a protracted conflict with Hamas in Gaza and faces the looming threat of an escalation with Hezbollah in Lebanon.
The forum emphasized that the firing of Gallant, especially amid ongoing military conflicts, would undermine Israel’s unity and strength. “The firing of the minister weakens Israel in the eyes of her enemies and will further deepen the division among the Israeli people,” the forum said.
The economic backdrop adds urgency to the business leaders’ concerns. Recent data showed a sluggish growth rate of 0.7% for the Israeli economy in the second quarter, down from an initial estimate of 1.2%. Per capita, the economy contracted by 0.9%, signaling deeper economic challenges.
Netanyahu has denied reports of negotiations with Saar but has not commented specifically on Gallant’s status. The business forum warned that political instability, such as Gallant’s dismissal, could further damage Israel’s already fragile economic situation.
This situation echoes the turmoil of March 2023, when Netanyahu dismissed Gallant for opposing a controversial judicial overhaul plan, leading to widespread protests and Netanyahu’s subsequent reversal. The current controversy threatens to reignite similar unrest, with the potential to destabilize both the political and economic landscape in Israel.