Israel stands as much chance of getting further United States Government loans “as the proverbial snowball in Hades,” Robert R. Nation, economic adviser to the Jewish Agency, said here today. He spoke at a luncheon of the American Veterans Committee.
Pressure on Israel to readmit Arab refugees and to agree to internationalization of Jerusalem precluded any possibility of “further large-scale inter-governmental loans,” Nathan stated. He intimated that when the present $100,000,000 Export-Import Bank loan is exhausted, there would be no further extension of credit from that source.
However, Mr. Nathan forecast that Israel would succeed economically and predicted that Israel would float a “big bond issue” in the United States. He said he thought the bond issue would prove “quite successful.” He predicted also that Israel will succeed in absorbing the Jewish immigrants and that the new state will lead the Near East as a force for economic progress and democracy.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
