Live Update 
From the Liveblog of
Saturday, April 25, 2020
From the Liveblog of
Saturday, April 25, 2020
Finance Ministry chief: Grants, loans to businesses will not heal economy
Add ToI as a Preferred Source on GoogleFinance Ministry Director-General Shai Babad says that the “only way to heal the economy is to reopen it,” and not through grants and loans to businesses.
His comment comes amid a developing protest by business owners who are threatening not to reopen hundreds of shops if they do not receive compensation for loss of operations during the lockdown.
Babad spoke during a Channel 12 interview panel that included Shahar Turgeman, chairman of the board of the Brill Group, a shoe retailer in Israel.
“If I were managing my businesses like you run the Finance Ministry, I would have been fired,” Turgeman told Babad who refused to respond directly.
“Businesses will need ventilators,” Turgeman said during the panel.
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