Israel-Palestine News Compiler

Belgian campaign targets bank financing Israeli settlements

Posted in Miscellaneous by beyondtheborder on April 3, 2009
A demonstrator in Brussels takes out his anger at Dexia's funding of settlement activity in the occupied West Bank

A demonstrator in Brussels takes out his anger at Dexia's funding of settlement activity in the occupied West Bank

In a remarkably short period of time, activists in Belgium have built a strong basis for the campaign “Israel colonizes — Dexia funds,” asking the bank to divest from its subsidiary Dexia Israel because of its financing of the expansion of illegal settlements in the Occupied Palestinian Territories. The Israeli settlements violate Article 49 of the Fourth Geneva Convention, prohibiting the Occupying Power to deport or transfer parts of its civilian population into the territory it occupies, as well as Article 53 prohibiting the destruction of property on occupied territory. The Dexia campaign is flourishing in Belgium and may potentially spread to other countries where Dexia subsidiaries are based.

For full article, visit http://electronicintifada.net/v2/article10434.shtml

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One Response

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  1. Jobs Brussels said, on April 7, 2009 at 5:53 am

    All financial institutions have the obligation, if only morally, to not support illegal activities of any kind.
    If they do so they should be legally challenged under the laws of the country for violating principles that the majority of us agree on.
    Apart from that all citizen should ensure that the institution in question receives no trade if we can possibly help


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