Fischer was the 'responsible adult' of the Israeli economy
But timing of resignation of the BOI chief bodes ill, Israel grapples with a budget crisis that will outlast him.
When Stanley Fischer announced his resignation on Tuesday, 22 months short of his contract's natural end, it was a surprise, yet little surprise. For one thing, when he accepted a second term, he didn't promise to complete it. For another, in 2011 he applied for the post of managing director of the International Monetary Fund but was disqualified due to age.