Fischer: Sanctions won't collapse Iran's economy

By GLOBES
October 23, 2012 13:18

 
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

Governor of the Bank of Israel Stanley Fischer on Monday expressed doubt that economic sanctions against Iran would lead to the collapse of the Islamic Republic's economy.

In an interview with US-based CNBC, Fischer said that while the Iranian economy would "continue to go down," the regime likely would "find a way to continue to keep economic life going."

Fischer did say that sanctions could have a political impact in Iran and that "what happens next depends on how [Iranian] authorities deal with" their worsening economic predicament.

He also said that the Bank of Israel was preparing for all sorts of eventualities, including war with Iran.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 19, 2018
Iran remains hopeful that Europe can salvage nuclear deal

By REUTERS