Bank of Israel Governor Stanley Fischer: Financial Crisis to Last a Year, Israel's Banking System Solid

[Ynet News] Sever Plocker and Gad Lior - Prof. Stanley Fischer, the governor of the Bank of Israel, is trying to put Israelis' minds at ease in wake of the financial crisis enveloping world markets, and convince everyone that the Israeli market is "doing just fine." "We are in the eye of the storm. I assume it won't last long, but we are sure to experience some jolts. We will probably hit rock bottom sometime this year and start growing from there. I believe we would need to be in crisis management mode for about a year."


2008-10-15 01:00:00

Full Article

BACK

Visit the Daily Alert Archive