News Summary: Israel Central Bank Chief To Leave

The Associated Press

CASHING OUT: The governor of Israel's central bank, Stanley Fischer, will step down June 30. His departure comes two years before the end of his second five-year term. The Bank of Israel gave no explanation for his departure.

STEADY HAND: The widely respected economist is credited with steering the nation's economy safely through years of world financial turmoil.

LEGACY: Israel's economy continues to grow, and unemployment is roughly 6.5 percent.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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