web analytics
December 27, 2014 / 5 Tevet, 5775
 
At a Glance
Special Features
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Day Two of the Presidential Conference Closes with Pessimism about the Global Economy

Governor of the Bank of Israel Stanley Fischer

Governor of the Bank of Israel Stanley Fischer
Photo Credit: Miriam Alster/Flash90

Harvard Professor Niall Ferguson, President of the Council of Foreign Relations, Richard Haass, and Financial Times Reporter Martin Wolf headlined a panel led by Governor of the Bank of Israel Stanley Fischer.

The panel, which focused on the future of the global economy was highlighted by a general sense of pessimism, with several members noting that tough times lay ahead, particularly for Europe.

When the discussion turned to the strength of the Eurozone, an especially grim picture emerged.

“If things are just left to unfold as they are now,” said Wolf, “with the resources they put up for it – the Euro zone is going to fail.”

Ferguson echoed this stormy forecast, noting that the current stagnation may be a precursor for larger problems, saying, “We ain’t seen nothing yet. The flash crash (of 2008) will be nothing compared to the next crash.”

The session also included Governor of the Reserve Bank of New Zealand Alan Bollard and was preceded by an address from Alassane Ouatarra, President of the Ivory Coast.

While the panelists tended to see a bleak picture, President Outarra’s address was filled with optimism in the strength and potential of the growing African economies, calling them the “African Lions.” Yet, he too recognized that economic prosperity needs stability.

“The democratic process is irreversible,” said Ouatarra, “but we need to win the war of security for economic development so that the next generation can benefit too.”

About the Author:


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.

No Responses to “Day Two of the Presidential Conference Closes with Pessimism about the Global Economy”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Ayala Shapira, 11, is fighting for her life after suffering burn wounds when an Arab terrorist threw a Molotov cocktail at the car in which she was riding.
‘Slight Improvement’ in Life-threatening Condition of Firebomb Victim
Latest Special-features Stories
Uri Bank and Naftali Bennett

Will American-born Uri Bank win a Knesset seat?

Arab MK Haneen Zoabi, as seen in a video clip posted by Likud MK Danny Danon.

Jewish Press Movie Review: Danon’s clip of Zoabi a winner but Jewish Home’s parody of Livni stinks.

israel polls

Channel 2 has released their latest election poll…

Bayit Yehudi, or its predecessor, the Mafdal party, hasn’t held the Education Minister’s portfolio since 1999.

After narrowing missing in the last elections, Michael Ben-Ari is trying to make a comeback and represent the “real right-wing” in Israel.

It takes an average of 140 monthly salaries to buy a home. Ariel plans to lower that down to 85.

Ambassador Michael Oren is the first person to join Moshe Kachlon’s new political party, Kulanu.

Livni’s party is now down to 2 MKs (from 6). What did Herzog buy that was so expensive?

The Prime Minister will appeal the decision by the party’s comptroller.

Lieberman calls the police investigation a “witch-hunt” aimed at hurting the party’s chances at the polls.

The results of the poll may cause people to start changing their minds.

Rabbi Yehuda Glick, who was critically wounded in an assassination attempt several weeks ago, announced he is running “symbolically” on the Likud list for the elections to the Knesset. He is in 33rd place, and he will not be elected unless the party performs a miracle no less than his recovery and wins 33 seats. […]

Elections, and not Netanyahu, raised the minimum wage.

The decision of Uri Aril’s Tekuma faction to remain in the party and re-start a “Yesha faction” is a blessing.

Stern expressed dismay at Tzipi Livni’s merger with the Labor party.

More Articles from Jewish Press Staff
ring and heart

United Synagogue Youth teen board members are told ban is lifted on dating non-Jews, but “important” to date within the faith.

Rosenblatt and several Jewish residents of the neighborhood visited the station on the seventh night of Chanukah to show their support after the murder Saturday of two police officers in neighboring Bedford-Stuyvesant.

The question now is this definite proof that Jews lived in the ancient settlement near Carmel?

Join Meir Panim’s campaign to “light up” Chanukah for families in need.

Printed from: http://www.jewishpress.com/special-features/president-conference-israel-2012/day-two-of-the-presidential-conference-closes-with-pessimism-over-the-global-economy/2012/06/21/

Scan this QR code to visit this page online: