Federica Mogherini, the European Union foreign policy chief, released a statement congratulating Prime Minister Netanyahu following Thursday's formation of the coalition following the March 17th national elections.

"The European Union will continue to work together with Israel on a mutually beneficial bilateral relationship as well as on important regional and global issues of joint interest," she said in the statement according to the JPost on Friday.

Mogherini emphasized the importance of re-opening the Israeli-Palestinian peace talks with the goal of creating an independent Palestinian state.

"The Israeli people and the Palestinian people deserve not only a future, but also a present of peace after too much suffering," she said. "I am ready to personally engage in order to facilitate further progress and look forward to working with the new government".