Bank Governor: Israel’s Economy is in Good Shape
The Vancouver Province has an optimistic story on Israel’s economy. In “Bank Governor: Israel’s Economy is in Good Shape,” Matthew Fisher writes: “Bank of Israel governor Stanley Fischer said yesterday he does not expect the country to go into recession because of the Jewish state’s ‘tough system of bank supervision,’ and that it’s ‘barely exposed’ to the sub-prime crisis, derivatives and problematic mortgages.”
The bank governor adds that “…Israel has entered the period of great global uncertainty ‘in relatively good shape’…He cited the country’s balance of payments, which are in surplus and full employment.”
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