The Netanyahu era likely has come to an end in Israel, as Netanyahu has failed to form a government and has surrendered the Mandate to President Rivlin. President Rivlin is expected to give the Mandate to Gantz of the Blue and White.
There are three possible outcomes:
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Gantz forms a coalition government with Likud. Very unlikely as Likud will insist that the Ultra-Orthodox parties be included while Gantz will likely reject this.
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Gantz forms a minority center left government with the support of the Arab List. While unlikely, not entirely out of the question.
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Gantz fails and returns the Mandate. Israel proceeds to election number 3.
