Israel: Smotrich downplays concerns over economic fallout ...Kuwait

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Israel: Smotrich downplays concerns over economic fallout
Israel's extremist Finance Minister Bezalel Smotrich on Sunday said Moody's decision to cut the outlook for Israel's sovereign credit rating was "not a big drama" and that the government's plan to overhaul the judiciary would help the economy. Moody's Investors Service on Friday lowered Israel's outlook to stable from positive, saying the planned reforms could weaken Israel's institutions. Israel's sovereign credit rating was affirmed at "A1". Israel's far-right government is seeking to give politicians greater sway over selecting judges and to limit the power of the Supreme Court to strike down legislation in reforms that have sparked mass protests. Prime Minister Be

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