Mr Trimble said he had been assured by the prime minister that the government accepted that the situation was serious and that it was considering what it should say and do.
The oft-cited "people familiar with the situation" say that Verizon is considering ending its joint venture with Vodafone by purchasing back the 45 percent stake the European carrier currently holds in its American cousin.
Such diplomatic agreements must be presented to the Knesset for approval and considering the current parliamentary situation it can be assumed that this would not be done before the elections but rather upon the establishment of a new government.
The situation is so serious that the State of Michigan government is considering intervening by appointing an emergency manager to take charge of the city's finances.