Bank of Israel Governor Stanley Fischer warned Monday against irresponsible political campaign promises to guarantee the worth of pension funds and backed the limited plan of Finance Minister Ronnie Bar-On (Kadima). Fischer praised an alternative financial package plan presented by outgoing Prime Minister Ehud Olmert, as costing the same amount of money and addressing a wider population but concluded that Bar-On's proposal is "fair and addresses the needs of those savers who could be harmed by the crisis."

Senior officials at the Finance Ministry, including the budget director and the commissioner of capital markets, sent a letter to the office of the Prime Minister accusing Olmert and his aides of overstepping their legal authority on issues that are in the ministry's realm of responsibility.