Elite can’t rescue the Bank of Israel governor
The events surrounding the Bank of Israel governor candidates show the true importance of the Turkel Committee. The politicians created it despite themselves and therefore made sure it would be weak.
Jacob Frenkel and Leo Leiderman could be elected to the next Knesset on the roster of Yesh Atid, if that party (whose name means “There Is a Future”) still has a future by then. Hong Kong and Deutsche Bank will not bother them; they will seek the public’s trust, because according to the Israeli system, trust is wholesale, not retail – we buy the whole package. All that...
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