Israel’s Fischer calls for government to cut deficit

stanley-fischer

The governor of the Bank of Israel, Stanley Fischer, delivered a speech on June 28 in which he called for the Israeli government to take steps to cut its budget deficit.

Speaking at the Eli Hurvitz Conference on Economy and Society in Israel, Fischer said that the government should act to strengthen its budget in light of continuing problems in the eurozone. "It should be noted that the economy is near to full employment, so we are talking of a structural deficit, not a cyclical one. It is thus

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