Israel sets up 24-hour situation room to monitor Brexit effects

Finance Minister Moshe Kahlon on Sunday said that the Finance Ministry had set up a 24-hour "situation room" to keep tabs on economic repercussions from the United Kingdom’s Thursday vote to break from the European Union.

"We have a strong and stable economy that is prepared to deal with any scenario and challenge," Kahlon said, noting that he was coordinating closely with Bank of Israel Governor Karnite Flug and Prime Minister Benjamin Netanyahu, with whom he met over the weekend to discuss the British exit, or Brexit.


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