Stanley Fischer: Israel Was Barely Scratched By The Global Banking And Credit Crisis

progressIn the News (from Matzav):Fischer: Israel One of World’s Safest Places for Investors” “Israel was barely scratched by the global banking and credit crisis” … In an exclusive interview at the Bank of Israel headquarters in Jerusalem, the Governor of the Bank of Israel said foresight and “some luck” not only helped the tiny nation in the Middle East avoid the credit crisis, but stabilized and subsequently strengthened its own currency in the process.

My Comment: He may be right, but as the saying goes: the night is still young.

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