According to the following article Israel is currently engaged in cease fire talks brokered by Egypt. Personally, I would not put much hope in these talks going anywhere. Egypt has tried to position herself as the leader in trying to bring peace to the Israeli-Hamas conflict. The problem is Egypt is run by the Muslim Brotherhood, a group that despises Israel. They do not come to the table neutral in the situation looking for a fair deal for both sides. I have a hard time believing Israel is hopeful these talks will lead anywhere.
http://www.foxnews.com/world/2012/11/18/israeli-envoy-meets-with-egyptian-officials-about-ceasefire-with-hamas/
While talks are ongoing, Israel continues it military action against Hamas. The following article quotes Prime Minister Benjamin Netanyahu on his willingness to expand that action.
http://www.foxnews.com/world/2012/11/18/war-looms-over-gaza-as-signs-mount-possible-israeli-invasion/
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