Daily Israel Report
17:58
Reported

News Brief

  4/25/2013, Iyar 15, 5773

Slomiansky: Housing Shortage Just as Critical as Budget


Chairman Nissan Slomiansky of the Knesset Finance Committee said, Thursday, "The crisis in the housing market requires a solution as much as the budget hole and the urgent need to address the concentration of [wealth in] the economy."

Speaking ahead of a special committee hearing, next week, on the subject of "The housing market crisis and the ways out of it", Slomiansky also said, Beyond the severe social consequences, the continuation of the housing crisis could lead to a severe financial crisis, will affect the stability of the entire economy."