Fischer: Israeli and European economies are a good fit

Fischer to the European Friends of Israel Policy Conference: Israel would fit in, even if it would not be among the leaders.

"Israel's GDP per capita of about $30,000 is similar to Portugal or Greece. Israel can fit in with the level of the economies of Europe, even if it would not be among the leaders," said Governor of the Bank of Israel Prof. Stanley Fischer at the European Friends of IsraelEuropean Friends of Israel (EFI) 2nd Policy Conference in Jerusalem. "Globes" is a media partner of the event.

Fischer said, "We overcame the economic crisis in good shape compared with other countries, with only two quarters of contraction. We were able to lower the unemployment rate after a temporary jump. We expect growth in 2011 to be about the same as in 2010, or maybe a bit less. Inflation is rising because of the rise of prices for commodities, and we also have a problem in home prices."

Euro-Asian Jewish Congress president Dr. Alexander Mashkevich said, "The fact that Members of the European Parliament come to Israel and see that Israeli and European values are the same in their striving for democracy, their striving for peace, in growing economies, social responsibility, and equal rights, is the best public relations that Israel can achieve in this era of diplomatic isolation.

"I am pleased that Israel's citizens are able to show their striving for peace to the MEPs. Bringing 500 MEPs to a conference of support in Jerusalem is one of the most important achievements of Israeli diplomacy in our times, and is the response to the attempts delegitimize Israel."

380 MEPs will visit the Knesset tomorrow. MEPs will participate in several committee meetings, including discussions on Iran's nuclear program, the peace process with the Palestinians and terrorism emanating from the Gaza Strip, the financing of terrorism and the prevention of call for boycotts of Israel, scientific cooperation, the employment of women in the workforce, and a session by the Special Committee on Foreign Workers on infiltration as a demographic threat to Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on February 6, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Slowdown will worsen

The vested interests that continue to claim that the economy is improving are deceiving the public, says Eyal Horowitz.

Can the US maintain growth after QE3?

Leading economists will discuss "The US: catch 22 the zero interest rate" at the "Globes" 2013 Israel Business Conference.

Twitter Facebook Linkedin RSS Newsletters גלובס