President Peres: We all wish to lower the flames, but there can be no compromise with terror. No more rockets. No more terror. Many of our neighbors stand with us in this fight.

Israel accepted the ceasefire in order to allow for sustained quiet to be achieved diplomatically. Israel hoped that the ceasefire will allow civilians on both sides to return to normal life.

On Tuesday morning, Israel accepted the Egyptian proposal for a ceasefire. Hamas rejected it. Five hours later, PM Netanyahu said: "Hamas's rejection of the cease fire gives Israel full leg ...