Israel's unassuming President Herzog holds keys to next government

Israel's President Isaac Herzog is in a key position to help form the country's next government. This is significant because he has the power to decide whether to support a unity government between former Prime Minister Benjamin Netanyahu and Eisenkot, or to allow the country to go to another election. If a new election is held, it could be costly and uncertain for the economy.

Why it matters

The president's role in forming a coalition government is crucial, and the possibility of a fresh election could lead to market volatility. The outcome of the coalition talks will impact the country's economic policies.

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