Biden quickly congratulated Israel's new prime minister and governing coalition. Earlier Sunday, Netanyahu suggested they and the Biden-led U.S. represented existential threats
Down and out, but still leading the opposition. Photo: Ilia Yefimovich/DPA/Picture Alliance via Getty Images A unlikely alliance of political parties in Israel’s parliament has succeeded in ending the 12-year reign of divisive prime minister Benjamin Netanyahu.
Netanyahu’s continuous 12-year run as prime minister was the longest in Israel’s history, and it left an indelible mark. While it’s quite possible Netanyahu and his Likud Party will be able to mount yet another comeback and return to power, he is currently on trial for corruption, and losing the prime ministry will likely leave him more legally exposed.
At the top of the new government’s agenda is passing the first national budget in three years to assuage concerns from investors and ratings agencies over Israel’s emergence from the global health crisis. Unemployment and government debt surged last year but Israel has for years been plagued by low productivity, a high cost of living and inequality. Four inconclusive elections over two years, spurred in part by Netanyahu’s ongoing corruption trial, only deepened its problems.
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