web analytics
May 30, 2015 / 12 Sivan, 5775
At a Glance
Special Features
Sponsored Post


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.

Current Top Story
What's happened to NYC's Celebrate Israel Parade?
Israel Rejects as ‘False’ UJA Federation’s Claims about Israel Parade ‘Inclusion’
Latest Special-features Stories
Fatou 0. Bensouda and the ICC HQ in the Hague

Bensouda suggested it was in “the best interest” of Hamas and Israel to provide the needed information.

Minister and chair of Bayit Yehudi party, Naftali Bennett.

The primary road block is the position that Bayit Yehudi party head Naftali Bennett will receive.

Baruch Marzel.

Marzel not sorry Yachad party’s loss cost Bayit Yehudi seats in Knesset. Bennett accuses Netanyahu of thinking he is a sucker.

Yoav Horowitz

Who is Horowitz? He’s Netanyahu’s eyes and ears. He’s very close to him, literally his personal representative everywhere…

in a new report, Amnesty International charges “Gaza armed groups’ with war crimes in last summer’s Operation Protective Edge.

If there are no surprises, Netanyahu is expected to form a coalition, after some tough negotiations, with the Likud, Bayit Yehudi, Kulanu, Yisrael Beytenu, UTJ and Shas.

One wonders how many Prime Ministers Herzog envisions sitting in that one chair at the same time.

Netanyahu is expected to have 61 recommendations in his favor.

There’s much disappointment within Yesh Atid as they head into the oppositions.

Final voter counts are in, if Yachad doesn’t petition the courts over voter fraud…

“The truth is it’s surprising to us as well, but it turns out each one of us voted their hearts.”

The anti-Bibi campaign’s quiet change in tax status both came too late and constitutes an admission of wrongdoing.

If the media hadn’t been so eager to oust Netanyahu, voter apathy could have made that happen.

Netanyahu said he wants to have a government formed within the next 2 to 3 weeks.

The overwhelming electoral victory by the Likud was nothing less than a revolution, and an absolutely clear mandate from the people.

At 50% of the votes counted, the Likud pulls way ahead… but what will the remaining 50% do?

More Articles from Jewish Press Staff

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: