The news of Binyamin Netanyahu's likely appointment as Finance Minister appears to be welcome in the financial markets. Trading is up today on the TASE by 1.6 to 3%. His appointment is not yet 100% certain, however, as Sharon has not yet agreed to Netanyahu's terms. The outgoing Foreign Minister demands full backing from the government, the authority to set the composition of the economic cabinet and to privatize government-owned companies, and the position of Deputy Prime Minister.
Ehud Olmert will be Minister of Industry and Trade, which will include the Israel Lands Authority, and will also serve as Deputy Prime Minister and member of the inner security mini-cabinet. Uzi Landau, Danny Naveh and Tzippy Livni are still waiting to hear which portfolios they will be offered. MK Ze'ev Boim, who served as Likud Knesset faction head in the previous Knesset, said today that the imbroglio that Sharon fell into were caused by mistakes made in the Likud's coalition negotiations with Shinui.
Ehud Olmert will be Minister of Industry and Trade, which will include the Israel Lands Authority, and will also serve as Deputy Prime Minister and member of the inner security mini-cabinet. Uzi Landau, Danny Naveh and Tzippy Livni are still waiting to hear which portfolios they will be offered. MK Ze'ev Boim, who served as Likud Knesset faction head in the previous Knesset, said today that the imbroglio that Sharon fell into were caused by mistakes made in the Likud's coalition negotiations with Shinui.