Tel Aviv: Israeli Prime Minister Benjamin Netanyahu said that the collapse of Silicon Valley Bank has caused a huge crisis in the technology sector. He informed that discussions are being held with those working in the technology sector in Israel. He also stated that Israel’s economy is strong.
Discussions were held with people in the field of technology from Rome. There will be a detailed discussion on this after returning to Israel. He informed that he will also discuss the crisis with the Israeli finance minister. He also said that Israeli companies with financial ties to SVB Bank will intervene if there is a financial crisis.
After the collapse of Silicon Valley Bank, there was concern in the tech sector in countries like the US and the UK. The Silicon Valley Bank collapsed the other day due to severe crisis. This has raised serious concerns in the global economy itself.