Flickr-World Economic Forum
Israel's President Shimon Peres is expected to task a leading party member with the formation of the country's next government.Peres will receive the official results of the election on January 30. He is officially given a week to discuss the options and approach the chosen candidate but according to several sources, he will look to speed up the process.According to Israeli law, the president must first consult with the heads of parties included in the new parliament, who will disclose their favourite candidate to lead the government. The leader who will be recommended by most parties will be assigned to form the coalition. Likud Beiteinu and its leader Benyamin Netanyahu received most votes in the January 22 elections , placing the former PM as the prime candidate to form the new coalition. However, the identity of the leading candidate could depend on the decision of the new rising star in Israeli politics, Yair Lapid, whose new party Yesh Atid became the second largest party in the country with about 19 seats.