12:41
Reported

News Brief

  5/12/2013, Sivan 3, 5773

Lapid: We will Easily Overcome


Finance Minister Yair Lapid provided a Facebook update Sunday morning, "Despite all the criticism, the budget cuts are, as President Peres put it, the path to national economic recovery. We had no choice, and with a little patience to endure, the public will see the positive benefits of our proposal sooner than they realize."

Lapid continued, "Next we will tackle economic reforms of the Port Authority and Electric Company, and we do not intend to risk any general strikes, which cost the economy two billion shekels daily. Fortunately, the economic situation is already looking good, with low unemployment rates and positive annual growth."