Tuesday, May 8, 2012

Israel forms new government

Jerusalem (CNN) -- Israeli Prime Minister Benjamin Netanyahu and his right-wing Likud party have agreed to form a unity government with the rival centrist political faction Kadima in a move that will put off elections until late next year and create one of the largest coalition governments in Israeli history.

The deal was reached early Tuesday morning between Netanyahu and Kadima Party leader Shaul Mofaz, a day after Netanyahu had publicly called for early elections to be held September 4.

Appearing together at a news conference Tuesday afternoon in the Knesset, the two leaders attempted to explain the sudden change in direction.

"When I thought the stability is rocking I was willing to go to elections," Netanyahu said. "But when I found out that it is possible to create a broad, very broad government... I understood that we can bring back the state of stability without changing the time of elections." Read More