Full text of Netanyahu speech on peace process

(Reuters) - Following is a full translation of Sunday's speech by Israeli Prime Minister Benjamin Netanyahu, provided on the Web site of his office:

"Honored guests, citizens of Israel.

Peace has always been our people's most ardent desire. Our prophets gave the world the vision of peace, we greet one another with wishes of peace, and our prayers conclude with the word peace.

We are gathered this evening in an institution named for two pioneers of peace, Menachem Begin and Anwar Sadat, and we share in their vision.

Two and half months ago, I took the oath of office as the Prime Minister of Israel. I pledged to establish a national unity government and I did. I believed and I still believe that unity was essential for us now more than ever as we face three immense challenges the Iranian threat, the economic crisis, and the advancement of peace.

The Iranian threat looms large before us, as was further demonstrated yesterday. The greatest danger confronting Israel, the Middle East, the entire world and human race, is the nexus between radical Islam and nuclear weapons. I discussed this issue with President Obama during my recent visit to Washington, and I will raise it again in my meetings next week with European leaders. For years, I have been working tirelessly to forge an international alliance to prevent Iran from acquiring nuclear weapons.

Confronting a global economic crisis, the government acted swiftly to stabilise Israel's economy. We passed a two year budget in the government and the Knesset will soon approve it.

And the third challenge, so exceedingly important, is the advancement of peace. I also spoke about this with President Obama, and I fully support the idea of a regional peace that he is leading.

I share the President's desire to bring about a new era of reconciliation in our region. To this end, I met with President Mubarak in Egypt, and King Abdullah in Jordan, to elicit the support of these leaders in expanding the circle of peace in our region.