(Jerusalem Post) Niv Elis - Bank of Israel Gov. Stanley Fischer informed Prime Minister Netanyahu on Tuesday that he will step down as Israel's central banker on June 30, two years before the end of his second five-year term. A former chief economist at the World Bank and MIT professor, Fischer, 69, is widely credited with guiding Israel's economy through the global economic crisis. A source at the Bank of Israel said that Fischer had never been expected to finish his second term, and was waiting until after the election to announce his decision. Dr. Yaakov Sheinin, an economics professor at Tel Aviv University, believes Fischer's departure will not hurt the economy. "I think he did great things, but the State of Israel will be able to find a replacement from among its economists."
2013-01-30 00:00:00Full ArticleBACK Visit the Daily Alert Archive