Business
Central bank chief says Israeli economy resilient
Associated Press
Published: 03.11.08, 20:08
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8 Talkbacks for this article
1. Tell a lie long enough and everyone will believe you
Al   (11.03.08)
Here's a heads up for Mr Fischer. Isrealis are equity poor, in effect they have nothing. Their very homes are morgaged to the gills and with poor government as it is, and the lack of desire of the government to safeguard their lives, most israelis would up and leave were they to have the funds to do so. Israel is a financial basket case. Were it not for the goodness of Diaspora Jews around the world who have on deposits Billions in Israeli banks, the average Israel wouldnt be able to get a morgage for spit. Many of these Diaspora Jews have funds socked away in these banks for decades. Its their way of charity. They know full well they will never ever get to thse funds, for in many cases they simply dont need them However in light of the fact that many of these people have lost fortunes in the stock market, they may just demand their funds. Question..What will your so called secure banks do then? As far as your fabled high tech industry is concerned, it is fabled. It a figment of the imagination. Your army is at best third world, your soldiers are poorly trained and motivated, and your political leadership is best described as criminal. Mr Fischer, you are a good man. Why you wanted to get into bed with these idiots is beside me.
2. It also ensures poverty not seen elsewhere in the West.
Jared ,   New York, USA   (11.03.08)
3. Israeli banks too smart to hold arab mortgages. Good.
Bunnie Meyer ,   Los Angeles, CA USA   (11.03.08)
4. Israeli economy is resilient
Roxy ,   Israel   (11.04.08)
Yeah right and if you believe that I have a Bridge in Brooklyn to sell you! The economy here is faltering right before our eyes,prices are going up rapidly on Food(Tomatoes are over 8 sheckles a kilo),the electric company says rates have to go up,there are layoffs in many high tech companies, as well as other comapnies, stores/restaurants are closing left and right, unemployment has increased...So How is this resilient? This is only the beginning of ourtroubles here it will only get worse. Most Israelis live on credit and overdraft because companies pay so little, minimum wage earners are already struggling, more people are relying on Charity food, clothing handouts,more homeless , more beggers on the streets, more people picking through the garbage cans behind supermarkets... so Mr Fischer and others climb down from your Ivory Towers and take off those rose colored glasses and see what the average Israeli is dealing with and struggling to survive!
5. 4* Al`s devastating belief
Nora ,   Tel Aviv   (11.04.08)
Al, I hope the Diaspora Jews don`t think like you do. You know, after all they are Jews, they are not "dried to the bones" bankers. They need Israel`s survival at least tor back up.
6. Israel needs stonking tax cuts, massive downsizing of public
Economist   (11.06.08)
sector to be a "resilient" economy. Another cut in interest rates as in Europe wouldn't go amiss either.
7. yesterdays news
shai ,   israel   (11.10.08)
today he said he was worried
8. Resilient Israeli Banks
Daniel ,   Israel   (11.16.08)
I guess years of Israeli banks overcharging the average joe with surcharge after surcharge have finally payed off
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