Prime Minister Netanyahu has shown a clear preference for American trained economists.
By JNi.Media
Flug accuses the Finance Minister of sheer populism: Mechir Lemishtaken costs the public coffers billions of dollars and creates harmful distortions to both the subsidized and free housing market.
Bank of Israel Governor Karnit Flug warned that the government must avoid short-term thinking and take advantage of the good times to adopt long-term reforms.
The main clauses of the bill include a separation of the major Israeli banks from Israeli credit companies. The three largest Israeli banks also currently own and operate the credit card companies.
Finance Minister Moshe Kachlon and Bank of Israel Governor Karnit Flug met today to discuss Israeli banking.
Jeremy Levin, who moved to Israel last year to take over the helm at Teva Pharmaceuticals only to be fired last month, say he loves Israel and is staying here, at least for the time being. Unlike Stanley Fischer, who made aliya to take over the post of Governor of the Bank of Israel and […]
PM Netanyahu and Finance Minister Lapid announced that acting Bank of Israel Governor Karnit Flug will be appointed as the next governor. Flug will be the Bank of Israel's first female governor. Flug was not Netanyahu's first choice to replace Stanley Fischer, but his other choices were either disqualified, or backed out before they become […]
By Shalom Bear
Professor Leo Leiderman withdrew his candidacy for governor of the Bank of Israel, just two days before his election was to be announced. Leiderman's withdrawal comes just days after Yaakov Frankel withdrew his candidacy, after an old scandal involving a duty free in Hong Kong resurfaced. PM Netanyahu and FM Lapid stated their regret with […]