8/07/2005

Netanyahu Resigns

In a move that is surprising to me, Netanyahu resigned this morning. It affected the Israeli stock market causing it to drop 3%. He had previously voted on supporting the Gaza and West Bank pullouts.

Israeli Finance Minister Benjamin Netanyahu resigned from his post Sunday to protest next week's withdrawal from the Gaza Strip and part of the West Bank, a ministry spokesman said.

Netanyahu, seen as Prime Minister Ariel Sharon's biggest political rival within the Likud Party, submitted a letter of resignation during the weekly Cabinet meeting Sunday, said the Finance Ministry spokesman, Eli Yosef. The resignation will take effect within 48 hours.
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Netanyahu is expected to challenge Sharon for party leadership ahead of the next election.Yahoo News

Is this merely a political move on his part? Or is he troubled that the pullout may make it harder for Israel to defend herself?

7 Comments:

Blogger Deadman said...

Both.

9:13 AM  
Anonymous Anonymous said...

mark,

You are probably correct.

10:06 AM  
Blogger Abe said...

That was my comment, too. :)

11:32 AM  
Anonymous Anonymous said...

abe,

It will be interesting to see if wins against Sharon.

11:39 AM  
Blogger Esther said...

Both, yep. He always had problems; Sharon I think had to make a few concessions about certain things to get Netanyahu to sort of be on board but he was never really behind it.

9:12 PM  
Anonymous Anonymous said...

esther,

The more I read about the 'disengagement', the more concerned I become. Especially in light of the PLO moving back to Gaza and setting up a "Popular Army". They have quite a few 'armies' now. It's a mess and I hope Israel comes through okay.

2:52 AM  
Blogger Esther said...

Me too.

3:31 PM  

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