Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Netanyahu poised to gain political lifeline as violence flares

Published 2021-05-13, 03:49 p/m
Updated 2021-05-13, 04:12 p/m
© Reuters. Special cabinet meeting on the occasion of Jerusalem Day, in Jerusalem

JERUSALEM (Reuters) - Civil unrest between Jews and Arabs in Israel dealt a strong blow on Thursday to efforts by Prime Minister Benjamin Netanyahu's main political rival Yair Lapid to form a new government and unseat the Israeli leader.

Naftali Bennett, head of the ultranationalist Yamina party and a kingmaker after an inconclusive March 23 parliamentary election, said he was abandoning coalition talks with Lapid, the opposition leader, preferring a wider unity government.

Lapid, who heads the centrist Yesh Atid party, has three weeks left in a 28-day mandate from Israel's president to try to form a governing coalition. If he fails, a new election - Israel's fifth in two years - is likely.

A "rotation" deal in which Lapid and Bennett would take turns as prime minister had been mooted, but it would need the backing of Arab legislators for a parliamentary majority.

Bennett was quoted by Israeli media as saying the current strife with Israel's 21% Arab minority would make such a government unfeasible.

Israel-Gaza cross-border hostilities have been accompanied by violence in mixed communities of Jews and Arabs in Israel. Synagogues have been attacked and street fights have broken out, prompting Israel's president to warn of civil war.

Mansour Abbas, who heads the United Arab List party, said on Channel 12 TV that Bennett phoned him to say a so-called "government of change" with Lapid, leader of the centrist Yesh Atid faction, was now "off the table".

In a televised address, Lapid voiced regret at Bennett's decision but said he would continue his efforts to put together a coalition.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Israeli political commentators gave him little chance of success.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.