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Knesset Told Of Coalition Formation, Starts Clock On Confirmatory Vote
Speaker of the Knesset Yariv Levin has informed the Israeli parliament of Yesh Atid leader Yair Lapid's formation of a majority coalition, starting the clock on a confirmatory vote on the new gov't that must be held within 7 days.
- Levin, who hails from PM Benjamin Netanyahu's right-wing Likud Party, must hold the vote by Monday 14 June under Knesset rules.
- There is speculation that the speaker is delaying the holding of the vote as much as possible to allow for the 'change coalition' - which has a majority of just one seat - to potentially fall apart given the huge spectrum of political ideologies included (right wing Zionists, centrist social democrats, greens, Islamists).
- Should the 'change coalition' fail to win the confirmatory vote, PM Benjamin Netanyahu would remain in office in a caretaker capacity.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.