Second term as Prime Minister
In 1992 Rabin was elected as chairman of the newly-formed
Israeli Labor Party. In the elections that same year his party, strongly focusing on the popularity of its leader, managed to win a clear victory over the Likud of incumbent Prime Minister Yitzhak Shamir. However the Left bloc in the
Knesset won an overall narrow majority, facilitated by the disqualification of small nationalist parties that did not manage to pass the electoral threshold. Rabin formed the first Labour led government in fifteen years, supported by a coalition of left wing parties and
Shas, a
Mizrahi orthodox religious party.
Rabin played a leading role in the signing of the
Oslo Accords, which created the
Palestinian Authority and granted it partial control over parts of the
Gaza Strip and
West Bank. Prior to the signing of the accords, Rabin received a letter from PLO Chairman
Yasser Arafat renouncing violence and officially recognizing Israel, and on the same day,
September 9, 1993, Rabin sent Arafat a letter officially recognizing the PLO on (See:
Israel-Palestine Liberation Organization letters of recognition.) During this term of office, Rabin also oversaw the signing of the
Israel-Jordan Treaty of Peace (1994).
For his role in the creation of the Oslo Accords, Rabin was awarded the 1994
Nobel Peace Prize, along with
Yasser Arafat and
Shimon Peres. The Accords greatly polarized his image in Israeli society, some seeing him as a hero for advancing the cause of peace and some seeing him as a traitor for giving away land they saw as rightfully belonging to Israel. Some Israelis (especially supporters of the right wing) often blame him for Jewish deaths that they believe have resulted because of the Oslo accords. Also, Rabin's government was kept in office with the tacit support of Arab-Israeli parties in the
Knesset.
Rabin was also awarded the 1994
Ronald Reagan Freedom Award by the late President's wife, Former
First Lady Nancy Reagan. The award is only given to "those who have made monumental and lasting contributions to the cause of freedom worldwide," and who "embody President Reagan's lifelong belief that one man or woman truly can make a difference."