Israel's Fischer Interested in IMF Job.....

#1
Israel's Fischer interested in IMF job - Yahoo! News--
By JOSEF FEDERMAN, Associated Press Josef Federman, Associated Press – Sun May 29, 4:24 pm ET

JERUSALEM – Israel's central bank chief, Stanley Fischer, is interested in the top job at the International Monetary Fund and has received a number of phone calls in recent days from around the world encouraging him to apply, a person familiar with the banker's thinking told The Associated Press on Sunday.

"If the opportunity comes along, he will take it," said the person.

Fischer, an internationally respected economist, held the No. 2 position at the IMF during the 1990s and is well acquainted with the workings of the fund.
Born in Zambia and educated at the London School of Economics and Massachusetts Institute of Technology, he also has held top jobs at the World Bank and at Citigroup Corp.

Fischer came to Israel in 2005 to take the post of governor of the Bank of Israel. He has been widely credited with enabling the country to largely escape the global economic crisis. Unemployment in Israel is just over 6 percent, and the real estate sector is booming.

Fischer has received phone calls from top IMF officials and officials from major finance ministries around the world encouraging him to seek the post, the person said. He refused to identify the countries or officials.

The post has traditionally gone to a European, and French Finance Minister Christine Lagarde has emerged as the front-runner. Developing nations have argued that someone from another region should be considered.


Anyone else see the play by the French now? Thoughts?
 

michaelr

Former Staff
Dec 2006
89,668
6,642
FEMA Region 10
#2
I guess it would be "anti semitic" to not give it to him, so Israel will control the IMF.
 

michaelr

Former Staff
Dec 2006
89,668
6,642
FEMA Region 10
#4
Well just because the French has a front runner means squat until the dust is settled.

I would add this, take away the US funding(thats our bailout to war criminals) then Israel's economy would suck sand faster than our markets would flat line without QE.
 
#5
I thought Israel was doing good economically. Their Unemployment is only a low 6% and they have a boom in their housing Market. Meaning like Liberia and a few others they were able to avoid this Global Economic Crisis where the entire planet was on the brink looking over the edge. Seems they all like to say this.....yet not one of them describe what it is they were looking at in the first place.

Unless it was that one underlying factor about a Global Economy.....you know the one which says it only works IF each and every single country particpates.