He Ru Follow us: Make a7 your Homepage
      Free Daily Israel Report
      Archive: 4/25/2013
      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."