Yachimovich: Fischer's departure Netanyahu no-confidence vote

Labor chairwoman MK Shelly Yachimovich: The governor is signaling that he won't be a partner to the economic chaos and political hell that will prevail in Israel.

"Governor of the Bank of Israel Prof. Stanley Fischer's resignation is a major vote of no confidence in Prime Minister Benjamin Netanyahu, and ringing slap in the face of his economic policy," said Labor Party chairwoman MK Shelly Yachimovich in response to Fischer's announcement today that he will resign on June 30.

Yachimovich added, "This resignation is happening with the Ministry of Finance's Budget Department collapsing, when Netanyahu and his coalition partners are preparing terrible austerity on the public. Although Fischer and I had many disagreements, we were partners in the Finance Committee to pass the Bank of Israel Law, and I can state from up close that he is a courageous economic leader who was not afraid to take unconventional measures."

Yachimovich concluded, "His resignation, precisely when there is no fundamental ideological difference between him and Netanyahu, sends a very worrying message to the Israeli people, because the governor is signaling that he is not prepared to be a partner to the economic chaos and political hell that will prevail in Israel after the new government is formed."

Published by Globes [online], Israel business news - www.globes-online.com - on January 29, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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