PM: Housing crisis solutions must not bankrupt country

Netanyahu urges financial responsibility at cabinet meeting: "If we face economic collapse...we will not solve economic or social problems."

By JPOST.COM STAFF
August 14, 2011 15:05
1 minute read.
Netanyahu at the weekly cabinet meeting

Netanyahu cabinet meeting 311. (photo credit: REUTERS/Ronen Zvulun)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Prime Minister Binyamin Netanyahu on Sunday said that Israel needs responsible but sensitive solutions to the socioeconomic problems which have led to protests across Israel, that will not bankrupt the country.

Speaking at the beginning of the weekly cabinet meeting, Netanyahu stated that he instructed Manuel Trajtenberg, heading a newly formed socioeconomic committee, "to submit concrete solutions during the month of September, as quickly as possible – but not too quickly.  We are dealing here with complex issues.  We intend to arrive at concrete solutions, not generalizations, but rather concrete solutions to concrete problems of reducing the cost of living and the closing of gaps in the State of Israel, gaps including those between the periphery and the center. "

Be the first to know - Join our Facebook page.


RELATED:
'PM doesn't get depth of change Israelis demanding'
Estimated 70,000 attend periphery social justice protests

During its first meeting last week, the Trajtenberg committee was broken down into a number of subcommittees that are to deal with the following issues: taxes; competition and the high cost of living; social services; and housing.

In addition, another subcommittee will deal with how much any new proposals will cost, and where the money will come from, and another sub committee will deal with how to conduct this dialogue with the public.

Netanyahu said on Sunday that he wants the committee to find "solutions that are economically sound."  He warned against the danger that Israel could suffer the fate of some European countries which have been hit harshly by the global economic crisis.

"If we end up bankrupt or face economic collapse, a reality in which some of Europe's leading economies find themselves in today, we will not solve neither the economic problems nor the social ones.  Therefore, responsibility is demanded of us, financial responsibility alongside social sensitivity.  That is the necessary formula and we will bring about practical solutions."

JPOST VIDEOS THAT MIGHT INTEREST YOU:


Herb Keinon contributed to this report.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Prime Minister Benjamin Netanyahu
August 31, 2014
Prime minister to Channel 1: I’ll be running again in next election

By Gil Stern Stern HOFFMAN