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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.
ISRAEL
Israeli President Reuven Rivlin has stated that he does not believe any prime ministerial candidate has a realistic chance of forming a gov't following recent talks, but offers the mandate to incumbent PM Benjamin Netanyahu.
- Rivlin is giving an address where he is set to announce who gets the first mandate to try to form a gov't. In the address he stated: "The principal consideration that Israeli presidents must bear in mind when deciding who to entrust with the task of forming a government is which candidate has the best chance of forming a government. The results of the consultations, that were open to all, lead me to believe that no candidate has a realistic chance of forming a government that will have the confidence of the Knesset. In fact, if the law would allow me to do so, I would give the decision back to the Knesset."
- He also acknowledged the elephant in the room of Netanyahu's ongoing bribery trial, stating: "I know the position held by many, that the president should not give the role to a candidate that is facing criminal charges, but according to the law and the decision of the courts, a prime minister can continue in his role even when he is facing charges."
- "I have come to a decision based on the numbers of recommendations, which indicates that MK Benjamin Netanyahu has a slightly higher chance of forming a government. Accordingly, I have decided to entrust him with the task of doing so."
- As can be seen in the chart below, the prospect of either side putting together a majority gov't is, as President Rivlin stated, not very realistic. Instead, we are looking at the increasing prospect of a record fifth general election in under three years.
- Nevertheless, Netanyahu now has a 28 day period (extendable by 14 days) to put together a majority gov't. If this is not possible, the mandate will likely pass to main opposition Yesh Atid party leader Yair Lapid.
Chart 1. Israeli Knesset, Seats
Source: Israel Election Commission, MNI
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.
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