JERUSALEM : A leading Israel investor on Wednesday predicted that the country's vital tech sector would recover quickly from its current funding downturn, in part by fighting a government judicial reform plan many blame for scaring away investment.
"We're going to overcome it and I think that the people that are trying to derail democracy today would be gone tomorrow," Erel Margalit, chairman of Jerusalem Venture Partners and a former Labour Party lawmaker, said, referring to Netanyahu's ruling coalition of religious and nationalist parties. On Monday, parliament passed a key element in the bill, which aims to curb the power of the Supreme Court. In response, thousands on Tuesday blockaded Israel's main airport and highways.
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