BREAKING NEWS

PM: Housing crisis solutions must not bankrupt country

By JPOST.COM STAFF

AUGUST 14, 2011 14:45

Prime Minister Binyamin Netanyahu on Sunday said that Israel needs concrete 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. "

He added: "We want to find solutions that are economically sound. For 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."

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