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Luxembourg is not renewing its authorisation for the issue of Israel bonds since it expired on Monday, leaving Israel with an uncertain future over its ability to borrow via investors in European markets. Last month, Luxembourg’s Finance Minister Gilles Roth told broadcaster RTL that the financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), had decided in May not to renew approval for the bond prospectus beyond its August 31 expiry date.