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Wednesday, October 10, 2012

Early elections announced by the Prime Minister of Israel

The holding of early parliamentary elections announced by Israeli Prime Minister Benjamin Netanyahu, stressing that his contacts with government partners, it became clear that the state budget (austerity) for the new year would not be voted and therefore would represent this loss of parliamentary support the government coalition. Binyamin Netanyahu  announced the decision to dissolve the Knesset at a press conference Tuesday evening. Election date has not identified, and merely to declare "the parliamentary elections will be held as soon as possible." According to analysts, the elections will be held in January 2013 or no later than February-eight months before the expiry of the normal term of government. Slower than projected economic growth implies that Israel should implement more stringent measures in 2013 and many government partners, including the yperorthodoxoi Jews and opposed cuts in military spending Ehud Barak, are reluctant to sign an austerity budget for 2013. In Last month, Israeli Finance Minister Yuval Stainits announced that the forthcoming budget need to include spending cuts of 14 billion shekels (3.6 billion dollars) in order to achieve the objective of reducing public debt to 3% of GDP. Opinion polls indicate that the right-wing Likud's Netanyahu will prevail in national elections, giving him the opportunity to address that in the same is the greatest challenge to be faced by Israel: acquiring nuclear arsenal from Iran.

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