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Ehud Barak says he's quitting Israeli politics

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Barak eventually broke away from Labor to form his new party, Independence, with a few junior allies. Without its founding father, the future of the party is now in question.

Avraham Diskin, a political analyst at Tel Aviv University, said given Barak's resume "it just isn't worth the effort and humiliation" of fighting for his political survival.

"If he wants to be the defense minister in the next government, it depends more on the relationship he and Bibi have than on whether he has a very tiny section in the Knesset (parliament) or not," he said, referring to Netanyahu by his nickname.

Former general Danny Yatom, a longtime Barak confidant, said he will be remembered most for his attempts at peace.

"Barak's legacy is steadfastly defending the security of the state of Israel alongside a deep understanding that the conflict between us and the Arabs cannot be solved by military means alone," he said. "He tried when he was prime minister, but he did not succeed."

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