The founders did not assume, much less encourage, the formation of political parties, which they called factions.

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The question is whether Netanyahu will stay on the right or move to the center in political jockeying over government formation.

CNN: STORY HIGHLIGHTS

Among the most important of these items are laws on the conduct of the elections scheduled for later this year and next, and on the formation of political parties.

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Early this month, Interior Minister Syarwan Hamid presented to Parliament revisions of key laws governing political parties, elections, and the formation of the parliament and the electoral college, which selects the president and vice president.

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In foreign exchange markets, the euro was higher against the dollar in late Asian trade as investors cheered the formation of a new government in Italy following a weeks-long political impasse in the wake of February's inconclusive general election.

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Bush delivered the third in the series of speeches Monday in Philadelphia, Pennsylvania, where he said that the formation of Iraqi democracy was still experiencing some snafus, namely in the political and security arenas.

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He urged the formation of a government as quickly as possible, in order to end the political vacuum that has further undermined confidence in Greece's economy since its inconclusive May 6 elections.

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The objections have essentially blocked the formation of a new government, and the failure to do so has created a political vacuum more than four months after Iraqis elected their parliament.

CNN: Iraqi interim PM tells party he'd step down