Prime Minister-designate Binyamin Netanyahu met with representatives of social advocacy groups on Monday in an attempt to join forces toward finding solutions to the economic crisis.
"We are facing a severe financial crisis, which is already affecting the social condition in Israel. That is why I am here to hear you - to focus together on a socio-economic policy, to try and stop the spreading malady and seek ways to help the weaker people, who are suffering most," said Netanyahu at the onset of the meeting in the Knesset.
"We are here to join hands and propose a plan to save the society and economy in Israel," he added.
On Sunday, Netanyahu met with the country's corporate leaders and bankers to make every effort to avoid layoffs, and promised to join forces with the private sector to stabilize the economy.
Sharon Wrobel contributed to this report.