MK Dan Illouz leaves Likud, says party has been hijacked

MK Dan Illouz, a member of the Israeli Knesset, announced his departure from the Likud party, stating that the party has been 'hijacked' and is no longer the same entity he could support. Illouz made the announcement in a public statement, saying he cannot ask voters to support a party he himself cannot vote for. The departure highlights internal divisions within Likud, which has been led by Prime Minister Benjamin Netanyahu. Illouz's exit may signal broader discontent among party members, potentially affecting coalition dynamics and upcoming elections. The move comes amid ongoing political turmoil in Israel, including judicial reform protests and security challenges.

Global Impact

Politically, Illouz's departure weakens Likud's cohesion and could accelerate coalition fragmentation, potentially forcing early elections in Israel. This may delay key legislation, including budget approvals and judicial reform, affecting investor confidence.