The coalition's victory in the Gulf War opened new possibilities for regional peace, and in October 1991 the US president, George H. W. Bush, and Soviet Union Premier, Mikhail Gorbachev, jointly convened a historic meeting in Madrid of Israeli, Lebanese, Jordanian, Syrian, and Palestinian leaders. Shamir opposed the idea but agreed in return for loan guarantees to help with absorption of immigrants from the former Soviet Union. His participation in the conference led to the collapse of his (right-wing) coalition.
The coalition's victory in the Gulf War opened new possibilities for regional peace, and in October 1991 the US president, George H. W. Bush, and Soviet Union Premier, Mikhail Gorbachev, jointly convened a historic meeting in Madrid of Israeli, Lebanese, Jordanian, Syrian, and Palestinian leaders. Shamir opposed the idea but agreed in return for loan guarantees to help with absorption of immigrants from the former Soviet Union His participation in the conference led to the collapse of his (right-wing) coalition.