Netanyahu-led government eyes Israel economy fix
JERUSALEM — Ending a 510-day political crisis that three elections had failed to resolve, Israel on Sunday swore in a new government charged with responding to the coronavirus pandemic, extending Prime Minister Benjamin Netanyahu’s record-setting tenure just a week before his corruption trial is set to begin.
Netanyahu, 70, has joined forces with his erstwhile challenger, the centrist former army chief Benny Gantz, 60, who now holds the new title of “alternate prime minister,” a veto over most major decisions, control over half the government’s ministries and an agreement to switch positions with Netanyahu on Nov. 17, 2021.
But by keeping Netanyahu in office, even as he faces prosecution on bribery, fraud and breach of trust charges over his dealings with several wealthy media executives, the new ruling coalition may represent a crowning political achievement for Israel’s longestserving leader.
Only 2 ½ years ago, Netanyahu’s closest allies had ruled out the possibility that he could continue in office if he were indicted. Only 2 ½ months ago, a clear majority of Israeli voters had elected lawmakers promising to usher Netanyahu into the political afterlife.
Israel’s long political stalemate, dating from December 2018, had kept the government in limbo, unable to pass major legislation or enact a new spending plan reflecting changing national priorities.
In an inaugural speech in parliament hours before his formal swearing-in, Netanyahu promised to deliver a new budget “that will prevent the economy from collapsing, that will guarantee stability, that will restore growth — a budget that will give you, citizens of Israel, hope, and a horizon, by restoring three things: Jobs, jobs, jobs.”