Fischer: Peace is vital for Israel's economic health

By
March 13, 2013 19:30

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Bank of Israel Governor Stanley Fischer on Wednesday said that peace was important to Israel’s long-run economic health.

“In the long-run this economy will have to make peace with its neighbors, when everyone is ready for that, which I hope will be sooner rather than later,” he said at the Hertzliya Conference.

“To say there’s no partner is incorrect; it takes two to tango,” he said later in Hebrew, prodding Israel's political leadership to start “tangoing.” Among the reasons peace is important: “I don’t think the defense budget can continue to grow at the rate it has in recent years. We’ll have to find a different way to deal with that problem.”

Peace was one item on a laundry list of long-term issues Israel would need to address. The country’s poverty problem, concentrated in the haredi and Arab sectors, is unsustainable, nor is the 4.2% growth rate among non-working populations, which will double their ranks in 17 years. Education, both high school and university-level, need attention, he said.

Related Content

Breaking news
August 22, 2018
Senior cleric says Iran will target Israel, allies if U.S. attacks

By REUTERS