web analytics
December 20, 2014 / 28 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Dutch Pension Fund Rejects BDS

The Boycott Israel movement, so far, is more bark than bite.
.

.
Photo Credit: Peter Haskin for Australian Jewish News

The Netherlands’ third largest pension fund, ABP, rejected on Thursday demands from the Boycott Israel movement to disinvest from three Israeli banks that allegedly finance an Israeli presence in Judea and Samaria..

The anti-Israel Avaas organization, along with South African Archbishop Desmond Tutu had pleased with ABP to sell off shares worth more than $75 million in Bank HaPoalim, Bank Leumi and Bank Mizrachi.

ABP decided to follow the example set by another Dutch pension fund, PGGM, in January when it sold off investments in five Israeli banks.

The board of ABP, which is the pension fund for Dutch public workers, said that its investment policy bars holding shares in companies that violate the U.N. Global Compact, AFP reported. The fund’s spokeswoman pointed out that the United Nations, despite its opposition to Israel’s including Judea and Samaria as part of the country, has not declared that the banks are breaking international laws.

The Boycott Israel movement, often terms BDS for Boycott, Disinvestment and Sanctions, has caused some damage to Israel and is a long-term threat, even a strategic threat, but its effect is exaggerated by isolated “victories.”

Selling off shares in banks and companies such Caterpillar, which sells equipment to the IDF, has had a marginal effect in depressing the price on the stock market.

BDS’s “successes” often get more attention than they deserve, and one of the reasons is the inherent bias against Israel in certain media.

The New York Times ran an article on Thursday under the headline “With Gaza War, Movement to Boycott Israel Gains Momentum in Europe.”

The “momentum” referred to a British grocery store’s removing kosher products from its shelves, a London theater’s decision to boycott film funded by the Israeli government, and a plug for Britain’s national embarrassment, known as Member of Parliament George Galloway, who declared that one city in England will be an “Israel-free zone.”

Anti-Israel activists undoubtedly used the war in Gaza to fuel some local boycotts, but the exposure of Hamas for what it is – a regime of war criminals – has mooted the anti-Israel sentiment to some effect.

The anti-Israel spin on the war convinced some governments to reconsider their sales of weapons to Israel, but the long-lasting effect is questionable, especially in light of the chaos among ISIS and fellow Islamic radicals in Syria and Iraq.

After quoting several experts on the threat of a large-scale boycott of Israel, the Times admitted that “the economic impact has been small” and that “the European Union, which has been looked to for leadership on the issue, does not support the idea.”

The most harmful damage so far has been Judea and Samaria, whose products my not bear the stamp “made in Israel” in some countries.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Dutch Pension Fund Rejects BDS”

  1. Guy Peters says:

    Anyone or any business boycotting Israel are either ;
    Antisemite neo-Nazis or islamonazis ,or ;
    Useless Idiots !

  2. Reuben James says:

    The Dutch people are a wonderful people. They should KICK all the muslim pigs out of Holland NOW. Period.

  3. Sientje Seinen says:

    I think the Dutch have passed a law if the muslims want to stay in Holland they have to learn the language of the country in order to apply for the jobs in Holland, as the dutch citizens were feeling like aliens in their own country.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
funny rocket joke
Israel Retaliates: Hits Terror Tunnel Cement Factory
Latest News Stories
TT-pure-olive-oil-events

This is the first flask of ritually pure olive oil made in 2000 years.

Israel Lebanon Peace Project Flag

First Lebanon’s Hezbollah started the Second Lebanon War, now the UN wants Israel to pay Lebanon for damages.

Elazar Stern

Stern expressed dismay at Tzipi Livni’s merger with the Labor party.

The flag of France, flown during a White House ceremony. (archive photo)

The Islamic terrorist entered the police station and began stabbing policemen while yelling “Allah hu Akbar”.

Two girls in Kibbutz Nir Yitzchak were taking a selfie video when the rocket siren went off on Friday morning.

M. was sitting at a red light when he saw the terrorist run past him…

The small Arab parties are talking about merging, and this could result in 14 seats for the Arab sector.

Hamas called Israel’s response to the Gazan attack a “serious escalation”.

Prosecutor in Ferguson case said ‘some witnesses lied under oath’ to support officer’s version of events.

PA Arabs are continuing near-daily clashes with IDF soldiers; on Friday, fierce fighting broke out after sermons at mosques.

Rocket fire was directed by Gaza terrorists at southern Israel’s Eshkol district on Friday for the third time since the summer.

Police must have been too busy arresting Jewish children to notice the Hamas rally on the Temple Mount today.

Was top Hezbollah terrorist a spy for Israel?

Reshet Bet has released their latest election poll…

Radical US Jewish lawyer involved in attempt to unite terrorists.

Israelis will Celiac disease will now be allowed to join combat units.

More Articles from Tzvi Ben-Gedalyahu
The annual  Chabad menorah lighting in Sydney has been called off this year because of the murders in the Lindt cafe.

The decision to not publicly light the Menorah in Sydney, epitomizes the eternal dilemma of Judaism and Jews in the Diaspora.

The annual  Chabad menorah lighting in Sydney has been called off this year because of the murders in the Lindt cafe.

Is Sydney also going to turn out the lights on Christmas trees?

Are machine gun shots all night long and the death from a “work accident” not enough evidence for the EU court?

The State Dept. re-defines “unilateral” and won’t veto a resolution that does not explicitly ”prejudge” outcome of peace talks.

High housing prices are blamed, but has anyone suggested that working for a living might help?

The decision may boomerang on Hamas once the court studies new evidence to prove Israel’s case.

Abbas’ counting on vocal support doesn’t mean he knows how to count votes.

Cannabis is being touted as a cure for diseases from diabetes to Parkinson’s and epilepsy.

Printed from: http://www.jewishpress.com/news/breaking-news/dutch-pension-fund-rejects-bds/2014/08/29/

Scan this QR code to visit this page online: