Palestinians on the verge of bankruptcy

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Not moral or political — that was long ago. This time, it is financial bankruptcy of the Palestinian Authority that is in question.

The Palestinian Authority, the largest employer in the territories, is facing a fiscal crisis that could result, as early as next month, in it being unable to pay the salaries of its 130,000—plus officials and security staff, Nigel Roberts, the World Bank's man in the West Bank and Gaza Strip said in an interview to Haaretz.

Israel enjoyed the highest growth rate of any country in the Western World last year; had the Palestinians not launched their latest wave of terrorism they would have been the beneficiaries of this growth since the economies had been heavily integrated and many Palestinians labored in Israel. The Palestinians wanted the war—beware of what you want.

Ed Lasky   1 10 06

Not moral or political — that was long ago. This time, it is financial bankruptcy of the Palestinian Authority that is in question.

The Palestinian Authority, the largest employer in the territories, is facing a fiscal crisis that could result, as early as next month, in it being unable to pay the salaries of its 130,000—plus officials and security staff, Nigel Roberts, the World Bank's man in the West Bank and Gaza Strip said in an interview to Haaretz.

Israel enjoyed the highest growth rate of any country in the Western World last year; had the Palestinians not launched their latest wave of terrorism they would have been the beneficiaries of this growth since the economies had been heavily integrated and many Palestinians labored in Israel. The Palestinians wanted the war—beware of what you want.

Ed Lasky   1 10 06