Israel Risks Hurting Economy If It Rushes Judicial Reform, Summers Says
- Former Treasury chief says he’s following issue closely
- Summers advocates for ‘slower track’ for legal-system reforms
Larry Summers
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Former US Treasury Secretary Lawrence Summers said Israel’s government risks damaging the nation’s economy if it rushes to overhaul its judicial system.
The feeling of a number of people — including many with the capacity to take their money out of the country — is that “an overly rapid, not carefully done, judicial reform could raise serious and profound questions about the rule of law,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “And that, it seems to me, could have quite serious adverse effects on the Israeli economy.”