Prime Minister Binyamin Netanyahu met Monday with Bank of Israel Chairman Stanley Fischer. The two discussed developments in the local and international economy, in the wake of fears that Israel will get swept up in a global recession.
At the meeting, Netanyahu said that Israel was prepared to deal with the world economic crisis, “thanks to the responsible actions undertaken by the Bank of Israel. Israel's economy continues to grow, thanks to the fact that we did not capitulate to demands to break the budget. Look at what has happened to European countries that spent without limit. They are now mired in one of their most difficult crises ever, with mass unemployment,” Netanyahu added.