🌟 [ 226 ]   Israels Netanyahu Misses Deadline to Form Government, Rivals Face Big Hurdles [ @Bloomberg Quicktake: Now ]

Israel’s Prime Minister Benjamin Netanyahu failed to form a government by a midnight Tuesday deadline, giving a motley camp of rivals an opportunity to join forces to oust him or send the country headlong into a fifth election. The March 23 election the fourth in two years gave neither Netanyahu nor his opponents a clear path to building a coalition. President Reuven Rivlin offered the prime minister, who’s facing trial in three corruption cases, the first crack last month after a plurality of lawmakers nominated him. For the past four weeks, Netanyahu unsuccessfully toiled to woo rivals into an alliance and drive wedges within the opposition, but just before midnight he returned the mandate to Rivlin. The political turmoil is rocking the country at a time when tensions are escalating with Iran and its proxies, and high unemployment hasn’t been vanquished by an aggressive coronavirus vaccination campaign. Rivlin now has three days to either tap the head of another party to try to build a governing coalition, or ask parliament to nominate one of its members even Netanyahu to patch together an administration. If the president opts for that first route, the leading contenders appear to be former Finance Minister Yair Lapid, whose centrist Yesh Atid party is parliament’s second-largest, and former Defense Minister Naftali Bennett, head of the predominantly religious nationalist Yamina party, who hasn’t ruled out sitting with Netanyahu and whose support is imperative for any government to rise. Subscribe to our YouTube channel: [ 🔗 Click ‼️ ] Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit [ 🔗 Click ‼️ ] or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fi .

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🌈 🔎 IsraelsNetanyahuMissesDeadlinetoFormGovernmentRivalsFaceBigHurdles 🌈