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Luxembourg pension fund boycotts Israeli investment
Luxembourg pension fund boycotts Israeli investment
Protest in Melbourne, 2010
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Gaza, ALRAY - The pension fund of Luxembourg's government workers has decided to add the five major Israeli banks and top firms to banned investment targets list.

i24News reported that "The fund, FDC, is the latest in a line of European banks, pension funds and business firms to boycott Israeli business over its involvement in settlement activity in the West Bank."

The Israeli concerns have been on the rise over the European economic boycotts against the backdrop of the continued colonial settlement in the occupied West Bank.

Israeli occuption PM Benyamin Netanyahu discussed with officials efforts to combat the academic and commercial boycotts facing the state.

Netanyahu said the EU countries should enact laws prohibiting any future boycott of Israel.