Former U.S. Secretary of the Treasury Larry Summers will join several other world financial leaders on June 18 for a $30,000 farewell party for Bank of Israel Governor Stanley Fischer, the Globes business newspaper reported Thursday.
Fischer is leaving in the middle of his second term of office after having made aliyah to take the post as Bank Governor in 2005.
European Central Bank President Mario Draghi, Central Bank of Ireland Governor Patrick Honohan, Central Bank of Chile Governor Rodrigo Vergara, JPMorgan Chase International chairman and former Bank of Israel governor, Jacob Frankel and world monetary expert reportedly will be among those at the party.
Fischer began his term as Israel was riding a wave of strong economic growth and unprecedented stability and low inflation.
He is leaving behind a fractured economy and a housing shortage that has angered Israelis.Jewish Press News Briefs
About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.
If you don't see your comment after publishing it, refresh the page.
Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.
If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.