Netanyahu calls Israel elections

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As widely anticipated, Israeli Prime Minister Benjamin Netanyahu on Tuesday announced early elections. Citing the Knesset’s stalemate over passing a budget, Netanyahu said elections should be held as soon as possible.

Israeli media reports said that could be as early as late January or February.

Netanyahu also said that stopping Iran from getting a nuclear bomb would be his key priority in a second term.

The Likud prime minister is in a strong position to bolster his position in the elections, although his ruling coalition could be shaken up.

Israeli television reports speculated on two possible challengers: former Israeli foreign minister Tzipi Livni, or former Israeli prime minister Ehud Olmert, both of the Likud  break-away Kadima party. Olmert was recently exonerated of corruption charges.

(Photo: Israel’s Prime Minister Benjamin Netanyahu speaks during a news conference in Jerusalem October 9, 2012. Netanyahu announced on Tuesday he would seek an early Israeli election, expected to be held in January or February. REUTERS/Ronen Zvulun.)