Israel’s Fischer advocates growth strategy in eurozone


Stanley Fischer, governor of the Bank of Israel, delivered a speech on May 30 in which he examined the fiscal situation in Europe and advocated a shift of policy towards growth.

Speaking at the annual conference of the Israel Economic Association, Fischer argued that the eurozone needed to pursue the "least hurtful solution possible", adding that "fiscal tightening does not need to start immediately".

He emphasised, however, that any delay in fiscal consolidation needed to be matched by

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