Market

Israel’s president picks Netanyahu opponent Lapid to form government By Reuters

© Reuters. FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu gestures as he delivers a speech to supporters following the announcement of exit polls in Israel’s general election at his Likud party headquarters in Jerusalem March 24, 2021. REUTERS/Ammar Awad

JERUSALEM (Reuters) -Israel’s president on Wednesday chose Yair Lapid, a centrist politician and Prime Minister Benjamin Netanyahu’s strongest rival, to try to form a new government, but his path to success was still uncertain.

Israel’s longest serving leader, Netanyahu, 71, has been fighting to hold onto office through four inconclusive elections since 2019.

President Reuven Rivlin, in a televised address announcing his choice of Lapid, said the former finance minister had the pledged support of 56 of parliament’s 120 members, still short of a majority.

“It … became clear that Yair Lapid has the possibility to form a government that will win parliament’s approval, but there are many difficulties,” Rivlin said.

The most recent vote on March 23, held while Netanyahu is also on trial for corruption charges he denies, yielded no majority for the prime minister or for a loose alliance of rivals from across the political spectrum aiming to topple him.

A 28-day mandate to put together a coalition ran out at midnight after Netanyahu failed to agree terms with potential right-wing partners, opening the way for Rivlin to assign the task to another member of parliament.

Lapid also has 28 days to try to form a coalition.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button