Cabinet Approves Barak's Choice for Central Bank Governor, Exposing Economic Policy Divisions Within Coalition

Israeli Prime Minister Ehud Barak's choice for the next central bank governor, David Klein, was narrowly approved in a 10-to-7 vote by the cabinet, despite opposition from Finance Minister. The decision exposes deep economic policy divisions within Barak's center-left coalition. Klein, currently head of the Bank of Israel's monetary affairs division, will now take on the top spot at the central bank.

Key Takeaways:

• The Israeli cabinet narrowly approved Prime Minister Ehud Barak's choice of David Klein as the next central bank governor, with a 10-to-7 vote.
• The decision exposed economic policy divisions within Barak's center-left coalition, with Finance Minister in opposition.
• Klein, currently head of the Bank of Israel's monetary affairs division, will now take on the top spot at the central bank.
• The appointment highlights the rift between Barak's economic policies and those of his Finance Minister.
• Klein's appointment is expected to have significant implications for Israel's monetary policy.

Statistics:

• The vote in favor of Klein's appointment was 10-to-7, a narrow margin.
• The cabinet's decision to approve Klein's nomination marks the latest development in the ongoing debate over Israel's economic policies.
• Klein's appointment as central bank governor is expected to take effect immediately.
• The appointment of Klein is a significant development, given the emphasis placed on economic policy by the Israeli government.

Sources:

• "Israeli Leader Wins Fight Over Banking Nomination" by an unnamed author, The New York Times, no date.