Israeli Labour politician, prime minister 198486 and 199596. He was prime minister, then foreign minister, under a power-sharing agreement with the leader of the Likud Party, Yitzhak
Shamir. From 1989 to 1990 he was finance minister in a LabourLikud coalition. As foreign minister in Yitzhak Rabin's Labour government from 1992, he negotiated the 1993 peace agreement with the
Palestine Liberation Organization (PLO). He shared the Nobel Prize for Peace in 1994 with Yitzhak
Rabin and PLO leader Yassir
Arafat for their agreement of an accord on Palestinian self-rule.
Following the assassination of Rabin in November 1995, Peres succeeded him as prime minister, and pledged to continue the peace process in which they had both been so closely involved, but in May 1996 he was defeated in Israel's first direct elections for prime minister.
Peres emigrated from Poland to Palestine in 1934, but was educated in the USA. In 1959 he was elected to the Knesset (Israeli parliament). He was leader of the Labour Party 197792, when he was replaced by Rabin.
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