21.06.2011                      19.Siwan, 5771

Warnung:

Fischer: Let imports spur competition

Fischer warns that if the military budget expands as a result of regional developments, the government will not be able to continue with its tax-cutting policy.

Imports are one of the tools that should be employed to increase economic competition, Bank of Israel Governor Stanley Fischer urged yesterday in his address to the 19th Caesarea Economic Policy Planning Forum.
"It's natural that Israel has few banks, relative to the United States, but this is an obstacle to competition," Fischer told the conference, held at the College of Management-Academic Studies in Rishon Letzion….