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      Archive: 6/23/2013

      News Brief

        6/23/2013, Tammuz 15, 5773

      PM to Fischer: We Were Blessed by Your Work

      The government held a farewell ceremony, Sunday evening, for Governor Stanley Fischer of the Bank of Israel, a week ahead of his last day at the post. Prime Minister Binyamin Netanyahu told Professor Fischer, "For the eight years that you served in this capacity, we were blessed by your work. We passed the global financial crisis with stability which Stanley contributed a lot to make happen, and it wasn't taken for granted."

      Netanyahu said that Fischer left the position well based and strong but facing threats, the biggest of which was populism which threatens to wash away Israel's economy among others around the world. He spoke of "a wave of the private sector which carries the economy, a wave which sees making a profit as a crime and wave which is a complete reversal of the knowledge that we need initiative and action, activism and creativity of business women and men who will lead the state forward."