FT News Briefing Israel plans for ‘indefinite’ grip over Gaza
Nov 8, 2023
Rapid wage increases in Eastern Europe are causing concern among economists, who warn this could hurt the region's competitiveness. Israel's Prime Minister Netanyahu declares plans for indefinite control over Gaza, raising questions about future governance and peace. Meanwhile, Australia takes a surprising step to reset relations with China amidst a backdrop of economic tensions. Additionally, falling pork prices in China could threaten the country with deflation, complicating its recovery.
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Wage Growth Paradox
- Soaring wages in Eastern Europe, while seemingly positive, could decrease the region's attractiveness to Western European companies.
- This is because productivity hasn't increased alongside wages, potentially impacting inflation and competitiveness.
Indefinite Control of Gaza
- Israel's Prime Minister, Benjamin Netanyahu, stated that Israel will maintain indefinite control over Gaza's security.
- This marks a shift from earlier positions, raising questions about Gaza's future governance and the potential implications for regional stability.
Challenges in Governing Gaza
- Controlling Gaza presents significant challenges for Israel, including the decimated infrastructure and the question of Hamas's integration into the governing structure.
- Finding a legitimate authority willing to govern Gaza in the long term is crucial, as external forces could face resistance from Hamas.