President. I regret that this matter of providing loan guarantees to Israel has become such a contentious issue. The real issue here is how we can best help Israel absorb the influx of almost a million Jewish refugees. most coming from Russia after the United States long campaign for free emigration finally bore fruit. We cannot afford to absorb all these emigres ourselves. and we cannot afford to give Israel the necessary funds to provide for these people. So the American and Israeli Governments agreed that the best course of action was for the United States to provide guarantees for loans that Israel would assume from the international financial community.
Keywords matched
emigration refugees