Luxembourg's financial regulator is going to be questioned by politicians tomorrow following its decision to approve paperwork to allow Israel raise money in the EU.
The development follows Israel's decision to move authorisation for its bond prospectuses from the Central Bank in Ireland to the regulator in Luxembourg on September 1.
The Central Bank had come under significant pressure from opposition politicians and protesters in Ireland about the issue.
Now the Luxembourg's regulator, the Commission de Surveillance du Secteur Financier (CSSR), has been subject to protests over its decision to authorise paperwork for the bonds which are used by Israel to partly raise money for its military activity in Gaza.
According to the Luxembourg Times, politicians are set to question officials from the CSSR at a committee hearing tomorrow.
The country's Prime Minister Luc Frieden said today that the country was 99% certain to recognise the State of Palestine.
He said that formal recognition would happen during the international conference on the implementation of the two-state solution in New York next week.
