BoI's Fischer: Economy prepared in case of Iran war

August 11, 2012 00:02

Bank of Israel Governor Stanley Fischer told Channel Two on Friday that the Israeli economy is prepared in case war breaks out with Iran.

"The foremost responsibility of any country is the security of its citizens," Fischer said responding to a question about Iran. "If there is a need to take money and spend more on defense, then that simply is what will have to be done, and we will have to pay for it... Scenarios in which Israel faces all-out war would be very difficult to deal with. We are preparing to face a real crisis."

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