Israel's President <a gi-track='captionPersonalityLinkClicked' href=/galleries/search?phrase=Shimon+Peres&family=editorial&specificpeople=201775 ng-click='$event.stopPropagation()'>Shimon Peres</a> (L) shakes hands with <a gi-track='captionPersonalityLinkClicked' href=/galleries/search?phrase=Yair+Lapid&family=editorial&specificpeople=5366792 ng-click='$event.stopPropagation()'>Yair Lapid</a>, leader of the Yesh Atid (There's a Future) party, speaks during their meeting on January 30, 2013 in Jerusalem, Israel. President <a gi-track='captionPersonalityLinkClicked' href=/galleries/search?phrase=Shimon+Peres&family=editorial&specificpeople=201775 ng-click='$event.stopPropagation()'>Shimon Peres</a> today formally began a period of consultation with the various parties to select the MP most able to put together the country's next ruling coalition, with incumbent Prime Minister Benjamin Netanyahu the favourite to assemble the coalition.