JERUSALEM: Israeli Prime Minister Benjamin Netanyahu traded barbs with his defense minister on Monday, underscoring the deep internal splits that continue to plague the government as the war in Gaza risks spilling out into a wider regional conflict.
Following Israeli media reports quoting Defense Minister Yoav Gallant dismissing Netanyahu’s war aim of total victory against the Islamist movement Hamas in Gaza as “nonsense,” Netanyahu’s office put out a statement rebuking Gallant.
“When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage deal,” the statement said.
It said Israel’s war aim remained “total victory,” with the elimination of Hamas and the release of the remaining hostages seized by Hamas-led gunmen on Oct. 7 last year.
“This is the clear directive of Prime Minister Netanyahu and the Security Cabinet, and it obligates everyone – including Gallant,” it said.
The exchange came as Israel has been bracing for a possible attack by Iran and the Iranian-backed Hezbollah movement in southern Lebanon, after a sharp escalation in tensions following a missile strike killed 12 youngsters in the Israeli-occupied Golan Heights on July 27.
In the wake of that attack, Israel killed a senior Hezbollah commander in Beirut. A day later, the political leader of Hamas Ismail Haniyeh was assassinated in Tehran, drawing vows of retaliation from Iran.
The public reprimand of Gallant, who has repeatedly clashed with Netanyahu and the nationalist-religious parties in his coalition, was the latest episode of internal strife that has persisted since the government took office in 2022.
Last year, Netanyahu tried to sack Gallant over his opposition to plans to curb the power of the Supreme Court, only to have to reverse course in the face of mass protests by hundreds of thousands of Israelis.
The latest exchange comes ahead of a last ditch attempt to revive Egyptian and Qatari-brokered talks to halt the fighting in Gaza and bring back 115 Israeli and foreign hostages still held in the battered enclave.
Hamas has said it will not send a delegation to the meeting, accusing Netanyahu of wanting to waste time rather than make an honest attempt to reach a deal.
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Israel’s prime minister, defense minister trade barbs over Gaza war aims
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Israel’s prime minister, defense minister trade barbs over Gaza war aims
- Following Israeli media reports quoting Gallant dismissing Netanyahu’s war aim of total victory against Hamas as “nonsense,” Gallant was rebuked
Turkiye to forge on with tight economic policy, some fine-tuning, VP Yilmaz says
ISTANBUL: Turkiye is committed to carrying on its tight economic policies in order to cool inflation, and though it may fine-tune the program it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday.
“There is no plan to pause our program,” Yilmaz said at a briefing with reporters in Istanbul on Thursday. “All programs are dynamic, and adjustments can always be made.”
Yilmaz, who plays a key role overseeing economic policy at the presidency, said any such adjustments would aim to support production, investment and exports while moderating consumption.
Turkiye has pursued tight monetary and fiscal policies for more than two years in order to reduce price pressure, leading to high financing and borrowing costs that have weighed on businesses and households. Inflation has eased slowly but steadily over the last year but remains elevated at 31 percent annually.
Last month, Is Bank CEO Hakan Aran warned that focusing solely on one target — inflation — could create side effects, suggesting a “pause and restart” might be healthy once the program achieves certain targets.
Yılmaz said the government expects improvements in inflation in the first quarter, which should reflect to market expectations for year-end inflation around 23 percent. The government projects inflation to dip as far as 16 percent by year end, within a 13-19 percent range, and falling to 9 percent in 2027. The central bank forecasts inflation between 13-19 percent by end-2026.
Yilmaz noted inflation fell by nearly 45 points despite pressure from elevated food prices, hit by agricultural frost and drought.
The agricultural sector is expected to support growth and help ease price rises this year, which could help achieve official inflation targets, he said.
Yilmaz said the government wants to avoid a rapid drop in inflation that could hurt economic growth, jobs and social stability.
Turkiye’s economic program was established in 2023 after years of unorthodox easy money that aimed to stoke growth but that sent inflation soaring and the lira plunging. The program aims to dislodge high inflation expectations while boosting production and exports, in order to address long-standing current account deficits.
The central bank, having raised interest rates as high as 50 percent in 2024, eased policy through most of last year, bringing the key rate down to 38 percent.
Asked whether lower rates could trigger an exit from the lira currency, Yilmaz said: “What matters is real interest rates. Lowering rates as inflation falls does not affect real rates, so we do not expect such an impact.”
He added that the government will strengthen mechanisms that selectively support companies while improving overall financial conditions.
“There is no plan to pause our program,” Yilmaz said at a briefing with reporters in Istanbul on Thursday. “All programs are dynamic, and adjustments can always be made.”
Yilmaz, who plays a key role overseeing economic policy at the presidency, said any such adjustments would aim to support production, investment and exports while moderating consumption.
Turkiye has pursued tight monetary and fiscal policies for more than two years in order to reduce price pressure, leading to high financing and borrowing costs that have weighed on businesses and households. Inflation has eased slowly but steadily over the last year but remains elevated at 31 percent annually.
Last month, Is Bank CEO Hakan Aran warned that focusing solely on one target — inflation — could create side effects, suggesting a “pause and restart” might be healthy once the program achieves certain targets.
Yılmaz said the government expects improvements in inflation in the first quarter, which should reflect to market expectations for year-end inflation around 23 percent. The government projects inflation to dip as far as 16 percent by year end, within a 13-19 percent range, and falling to 9 percent in 2027. The central bank forecasts inflation between 13-19 percent by end-2026.
Yilmaz noted inflation fell by nearly 45 points despite pressure from elevated food prices, hit by agricultural frost and drought.
The agricultural sector is expected to support growth and help ease price rises this year, which could help achieve official inflation targets, he said.
Yilmaz said the government wants to avoid a rapid drop in inflation that could hurt economic growth, jobs and social stability.
Turkiye’s economic program was established in 2023 after years of unorthodox easy money that aimed to stoke growth but that sent inflation soaring and the lira plunging. The program aims to dislodge high inflation expectations while boosting production and exports, in order to address long-standing current account deficits.
The central bank, having raised interest rates as high as 50 percent in 2024, eased policy through most of last year, bringing the key rate down to 38 percent.
Asked whether lower rates could trigger an exit from the lira currency, Yilmaz said: “What matters is real interest rates. Lowering rates as inflation falls does not affect real rates, so we do not expect such an impact.”
He added that the government will strengthen mechanisms that selectively support companies while improving overall financial conditions.
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