Facing not a diplomatic tsunami, as some were predicting come September and the Palestinian bid for statehood at the UN, but rather an economic tsunami as a result of the country's high cost of living, Prime Minister Binyamin Netanyahu announced at Sunday's cabinet meeting the establishment of a "ministerial roundtable" to deal with what he termed, "genuine distress."
Netanyahu said the roundtable would invite to appear before it representatives of various different sectors. The ministers will then recommend practical plans to ease the economic situation of the country's citizens, and bring these plans to the cabinet for approval.
"We need to act seriously and responsibly in order to create changes in the [economic priorities] and to deal with the genuine distress," Netanyahu said.
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