BOI Head Fischer: How About Some Historical Perspective?
Written by: Aaron Katsman | May 6, 2009
I guess the celebration of Israel’s 61st birthday last week was superfluous. After all according to BOI head Stanley Fischer, Israel came into existence when he took his position a few years ago. How else do you explain his bizarre statement in the Knesset today, when speaking about the Bank Hapoalim situation.
According to Globes: “Fischer told the committee, “It’s a mistake to discuss this matter. We’re still in the middle of the measures. I can assure you that we would not have embarked on this path without considering everything, every repercussion, in the middle of the greatest financial crisis this country has every known.”
The ‘greatest financial crisis the country has every known’. Huh?
What drivel. What is he talking about? Israel was about to go bankrupt 7 years ago…remember? Remember the days of hyperinflation????
Give me a break. The fact that Fischer was talking up the economy, as it was entering a slowdown is bad enough. To now say this is a great crisis, is both admitting that you have failed, and that you know nothing of Israeli history. Either way it doesn’t look good.
Much like Prez. Obama, who is trying to recreate the country in his own image without any respect to history, Fischer as well has used the same strategy. unforuneately, those that don’t learn from history are the ones that are doomed to repeat it.
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