Whoever takes over from Fischer at the Bank of Israel will face a situation much less favorable than when he took office. This is likely the primary reason Netanyahu is finding difficulty finding an individual with a big name from abroad. Who wants to take over when Israel has seen housing prices surge for almost a decade, with aid of course from Fischer's policies? The hangover is never as fun as getting drunk. The new Governor will likely get blamed for whatever goes wrong, just as Fischer unduly received credit for the resilience of the Israeli economy. This resilience was not without many harmful side effects. Lastly, Fischer never aimed at moving to Israel permanently and none of his successful children joined him here. It is a shame, but it is hard for little Israel to compete with a global economic superpower of 300 million people in terms to living comfort and economic opportunities.
U.S. to deliver 8 advanced F-16s to Egypt on July 30-31, U.S. embassy in Cairo says (Reuters)
from the article: Where is Stanley Fischer’s successor? Home in the U.S.