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Tuesday, June 14, 2011

Stanley Fischer disqualified due to age

Bank of Israel governor Stanley Fischer has been disqualified from running for the number one position at the International Monetary Fund. The IMF has an age limit of 65. Fischer is 67.
In a statement, Fischer expressed regret that the IMF board decided not to change its rules to allow him to run.

He said his experience had made him a natural candidate to head the IMF at a time of ongoing challenges for the global economy. He called the age limit “irrelevant today.”

“The governor is convinced that the age issue is a technical one and a neglibible detail compared with the need to choose the most suitable candidate to lead the fund at the present time,” the statement said.

Fischer’s candidacy had been considered a long shot, primarily because the fund historically has been led by a European.

In a statement from Washington on Monday, the IMF said it would consider two candidates — front-runner Christine Lagarde, the French finance minister, and Agustin Carstens, Mexico’s central bank chief.
I guess that's the kind of moronic, unthinking decision one should expect from an organization that decides that the 'Palestinian Authority' is ready to "conduct the sound economic policies expected of a future well-functioning Palestinian state," while said 'Palestinian state' has no economy of which to speak and is totally dependent on international aid.

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At 9:41 AM, Anonymous Anonymous said...

The fact that the IMF is moronic vis a vis the Arabs doesn't mean that they're moronic regarding retirement age.

65 is still a standard throughout the business world for employee retirement, including CEO and upper management positions.

And again, I'm not complaining that Fischer will remain in his position here in the BOI.

At 12:39 PM, Blogger Chrysler 300M said...

In view of the coming financial meltdown it is better NO jewish person leads the bankrupt IMF

At 4:30 PM, Blogger Benyaminov Shamil said...

@ Chrysler 300M I agree with you...lets not give Europeans and other jew haters which is majority...to blame jews for their stupidity and more antisemitism. Let them suffer...I guarantee you they will blame us no matter what....

At 4:48 PM, Blogger NormanF said...

As Shy Guy knows, the real reason is anti-Semitism. Fischer is eminently qualified. He was out of the running because he was a Jew and an Israeli.

Does anything more need to be said?


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