Likud , officially known as Likud – National Liberal Movement , is a major right-wing political party in Israel. It was founded in 1973 by Menachem Begin and Ariel Sharon in an alliance with several right-wing parties. Likud's landslide victory in the 1977 elections was a major turning point in the country's political history, marking the first time the left had lost power. In addition, it was the first time in Israel that a right-wing party won the plurality of the votes. After ruling the country for most of the 1980s, the party lost the Knesset election in 1992. Likud's candidate Benjamin Netanyahu won the vote for Prime Minister in 1996 and was given the task of forming a government after the 1996 elections. Netanyahu's government fell apart after a vote of no confidence, which led to elections being called in 1999 and Likud losing power to the One Israel coalition led by Ehud Barak.