Eurozone crisis won’t cripple Israel: Fischer

stanley-fischer

The debt crisis in the southern eurozone will not have a significant impact on Israel's economy, Stanley Fischer, the governor of the Bank of Israel, said on Tuesday.

In remarks to a clean technology conference in Tel Aviv, Fischer noted that although the strengthening of the new Israeli shekel against the euro would affect exports to the single currency zone, the currency had also weakened against the greenback. The Bank of Israel's growth forecasts have remained at 3.7% for 2010 and 4% for

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