TEVA - Israel Could Form Emergency Government: Defense Stocks Israel ETFs In Focus During Conflict | Benzinga
As Israel ramps up its armed forces and a regional war with Hamas enters its fourth day, the country is considering forming an emergency government.
Israel's ruling coalition is seeking to form the emergency government with the opposition, Bloomberg reported Monday.
"All the heads of the coalition, without exception, supported the establishment of a national emergency government and authorized Prime Minister Benjamin Netanyahu to act for its establishment,” the premier’s party Likud said in a statement.
The Latest From The Israel-Hamas Conflict: A move to set up the emergency government call has drawn support from some opposition leaders.
The potential creation of an emergency government comes after Israel hit the Gaza Strip overnight and has said it will respond "very severely and aggressively” to the attacks by Hamas on Saturday. The response could include a ground attack, although one has not been announced at this time.