Index Investing News
Wednesday, May 14, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Israel president floats plan to prevent ‘constitutional collapse’ By Reuters

by Index Investing News
February 12, 2023
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: People hold a banner during a protest against Israel’s Prime Minister Benjamin Netanyahu’s new right-wing coalition and its proposed judicial reforms to reduce powers of the Supreme Court in Tel Aviv, Israel February 11, 2023. REUTERS/Amir Coh

By Maayan Lubell

JERUSALEM (Reuters) -Israel’s president floated a compromise plan on Sunday to spare the country what he described as a “constitutional collapse” and possible violence, over a contested judicial overhaul sought by the hard-right government of Prime Minister Benjamin Netanyahu.

The rare prime-time television speech by President Isaac Herzog, whose figurehead role is designed to unite an often fractious society, included an appeal to coalition lawmakers to hold off on initial legislation steps in parliament which some had planned to begin this week.

But Justice Minister Yariv Levin poured cold water on the idea of postponing, saying in a statement responding to Herzog’s speech that while he did not oppose dialogue this “should not be linked to progress in the legislation proceedings”.

The centre-left opposition, accusing Netanyahu of seeking greater control over the court system even as he himself is being tried on corruption charges, have mounted demonstrations and called for nationwide protest strikes at the Knesset on Monday.

Netanyahu – who denies wrongdoing in his trial – says the reforms are aimed at restoring balance between Israeli authorities.

“We are on the brink of constitutional and social collapse,” Herzog said. “I feel – we all feel – that we are barely a moment away from a collision – and even from a violent collision.”

There was a similar if more veiled call by the White House, which generally shies away from discussing Israel’s internal affairs.

“The genius of American democracy and Israeli democracy is that they are both built on strong institutions, on checks and balances, on an independent judiciary,” U.S. President Joe Biden said in a statement quoted by the New York Times on Sunday.

“Building consensus for fundamental changes is really important to ensure that the people buy into them so they can be sustained.”

Recent polls have shown relatively little support for the proposed judicial changes as they stand.

Herzog urged immediate talks between the government and the opposition, based on five principles. These would include legislating a process for enacting Israel’s quasi-constitutional basic laws and barring any Supreme Court interference in them.

Another principle would more clearly define the authority of the Supreme Court, which the government has accused of overreach. Herzog also called for a shake-up of the committee for selecting justices – but differed with the government on the format, arguing that “no side should have a built-in majority”.

Opposition head Yair Lapid said that Herzog’s proposal was a worthy one but that until understandings are reached “the struggle will not be halted and the protest will not stop”.

Israel’s five main banks, Bank Hapoalim, Bank Leumi, Israel Discount Bank, Mizrahi-Tefahot and First International Bank of Israel, in a rare such statement voiced support for Herzog’s bid to reach broad understandings, which they said would benefit Israel’s economy.

Legal experts, economists and former security and economic officials, who include Netanyahu confidants and appointments, have warned his government’s judicial proposals could have serious diplomatic and economic fallout.



Source link

Tags: CollapseconstitutionalFloatsIsraelPlanPresidentPreventReuters
ShareTweetShareShare
Previous Post

Don’t sell out Brexit, Tories warn Rishi Sunak

Next Post

FirstFT: Goldman CEO says he should have cut jobs earlier

Related Posts

Coinbase jumps 24% after S&P 500 inclusion

Coinbase jumps 24% after S&P 500 inclusion

by Index Investing News
May 13, 2025
0

Brian Armstrong, chief govt officer of Coinbase International Inc., speaks throughout the Messari Mainnet summit in New York, on Thursday,...

What to search for when Residence Depot (HD) studies Q1 2025 earnings

What to search for when Residence Depot (HD) studies Q1 2025 earnings

by Index Investing News
May 14, 2025
0

Residence Depot (NYSE: HD) is working to beat the impression of macroeconomic challenges on the enterprise, primarily via diversification and...

Earnings Abstract: Simon Property Group (SPG) Q1 2025 revenues rise modestly

Earnings Abstract: Simon Property Group (SPG) Q1 2025 revenues rise modestly

by Index Investing News
May 13, 2025
0

Simon Property Group, Inc. (NYSE: SPG), an actual property funding belief engaged within the possession of premier procuring and leisure...

Fintechs that made income from excessive rates of interest now face key take a look at

Fintechs that made income from excessive rates of interest now face key take a look at

by Index Investing News
May 13, 2025
0

The app icons for Revolut and Monzo displayed on a smartphone.Betty Laura Zapata | Bloomberg through Getty PicturesMonetary know-how corporations...

Tariff cuts can get China-made items to the U.S. in time for Christmas

Tariff cuts can get China-made items to the U.S. in time for Christmas

by Index Investing News
May 13, 2025
0

A employee finishes pink Santa Claus hats for export at a manufacturing unit on April 28, 2025, close to Yiwu,...

Next Post
FirstFT: Goldman CEO says he should have cut jobs earlier

FirstFT: Goldman CEO says he should have cut jobs earlier

Launch Real Estate – New Luxury Listing

Launch Real Estate - New Luxury Listing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Editorial: Resign already, Councilmembers Kevin de León and Gil Cedillo

Editorial: Resign already, Councilmembers Kevin de León and Gil Cedillo

October 19, 2022
Hoping to generate some high quality dialogue as to the place the markets could also be heading! : shares

Hoping to generate some high quality dialogue as to the place the markets could also be heading! : shares

May 1, 2022
India’s welcome focus on women-led development

India’s welcome focus on women-led development

April 16, 2023
A tribute to a pal, thinker and information: Bibek Da, a person of uncommon mind

A tribute to a pal, thinker and information: Bibek Da, a person of uncommon mind

November 2, 2024
Former NFL RB Larry Johnson offers awful Damar Hamlin take

Former NFL RB Larry Johnson offers awful Damar Hamlin take

January 11, 2023
Ukraine-Russia struggle LIVE – Shock transfer as Putin BANS Boris Johnson from coming into nation over struggle

Ukraine-Russia struggle LIVE – Shock transfer as Putin BANS Boris Johnson from coming into nation over struggle

April 16, 2022
Sean Dyche stays quiet but gives Everton something to shout about

Sean Dyche stays quiet but gives Everton something to shout about

February 5, 2023
Komatsu Ltd. (KMTUY) Investors Meeting & ESG Meeting Conference (Transcript)

Komatsu Ltd. (KMTUY) Investors Meeting & ESG Meeting Conference (Transcript)

December 22, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In