A new president should be elected at the time prescribed by law, President Shimon Peres said Monday in response to rumors that Prime Minister Binyamin Netanyahu wants to cancel the presidency or delay the election."At this time, I think we should fulfill the constitution and the law as it is written and on time," Peres said at a press conference for Israeli and Norwegian press in the Royal Palace in Oslo.Peres hinted that there may be something undemocratic in canceling the presidency, saying that "usually, in democracies, there is a president and a prime minister."As for delaying the election, which is expected to take place in June, Peres said "I don't think another half year will solve the problem."I don't want to be part of making these changes," he added. "The Knesset will decide."