Israeli Prime Minister Benjamin Netanyahu on Tuesday called for early elections that are expected to be held in January or February of 2013, roughly eight months ahead of schedule. Facing resistance from members of his own center-right coalition to steep spending cuts in his budget, Netanyahu said he was left with no choice but to ask for a new mandate from the people. Netanyahu's Likud party is heavily favored to win the elections, and analysts say a convincing victory would likely bolster Netanyahu's grip on power.
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