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PHOTO: Bank of Israel governor Fischer is caught in social protest

This is one of the best images the Israeli social protest has produced: the Governor of the Bank of Israel and former chief economist at the World Bank Stanley Fischer walking out of a cultural event in central Tel Aviv, surrounded by protesters who happened to be gathering at a nearby square when they spotted him. The protesters shouted, “government and capital equal organized crime,” at Fischer and his wife (video here).

While government officials praise Fisher for his term at the Bank of Israel, many protesters blame him for pursuing a monetary policy that supports big business instad of the middle class, and for letting Israel’s real estate prices skyrocket. Fischer will complete his term at the Bank of Israel in a few weeks.

(Photo by Ilai Ben Amar; click for full size)

The Governor of the Bank of Israel and former World Bank chief economist Stanley Fischer surrounded by protesters as he and his wife walk out of a cultural event in Tel Aviv, May 25, 2013 (photo: Ilai Ben Amar)

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    1. rsgengland

      Stanley Fisher has presided over The Bank of Israel during one of the most turbulent periods in world economics since the Great Depression of the 1930’s.
      He has helped Israel ride out the worst aspects of the current world financial crisis.
      He has steered the economy into reasonably tranquil waters by maintaining financial and economic stability, while European economies have been in melt down.
      Life is not perfect, but at least give credit, where credit is due.
      Stanley Fisher has done a great job, and will be sorely missed when he retires from his current post.

      Reply to Comment
    2. Dave Boxthorn

      Wow, you found a camera that only makes Black and White photos. I’m impressed.

      Reply to Comment