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Israel-Palestine-Jordan
Israeli Cabinet decision puts PA in 'financial crisis'
2006-02-20

The Palestinian Authority faces a "serious financial crisis" following Israel's slapping economic sanctions on the beleaguered body, Palestinian leader Mahmoud Abbas told reporters Sunday night. "The Palestinian Authority has faced a serious financial crisis since the start of the month," Abbas told reporters.

The Israeli Cabinet overwhelmingly approved Sunday the imposition of a range of sanctions against the PA following formation of a government led by Hamas, officials said. The measures, which include a series of economic sanctions, went into force Sunday, a day after the inauguration of a Hamas-dominated Palestinian Parliament, a senior government official said.

The sanctions include a freeze on the monthly transfer of tax duties owed to the PA that are worth some $50 million and constitute around a third of the Palestinian budget. The money represents around 30 percent of the PA's budget and secures salaries of 140,000 government workers, including around 60,000 police and members of security services.
Posted by:Fred

#7  The avg Paleo is going to get precisely what they've asked for - and they'll have to live with it - and / or die for it.

I'll take "Die For It" for $100, Alex.
Posted by: Zenster   2006-02-20 12:32  

#6  Western logic doesn;t apply.

That there would be a "financial crisis" never occurred to the average Paleo. That their "cause", which has always served the Ditatorships and Thugocracies and Monarchies and Mullacracies and Theocracies of the Arab and Muzzy World as the favored "Passion Play" and diversion, wouldn't be fully funded and kept alive is still beyond their ken. Those that didn't top off their Swiss accounts are in for a shock, methinks. The avg Paleo is going to get precisely what they've asked for - and they'll have to live with it - and / or die for it.
Posted by: .com   2006-02-20 12:18  

#5  Israeli Cabinet decision puts PA in 'financial crisis'

Any financial impact from the Israeli cabinet's decision is a fart in a windstorm compared to longterm economic damage done by the PA's endemic corruption. Electing Hamas to solve the problem was like putting out a fire with gasoline.
Posted by: Zenster   2006-02-20 12:06  

#4  "The Palestinian Authority has faced a serious financial crisis since the start of the month," Abbas told reporters.

Whatever.

Posted by: Bomb-a-rama   2006-02-20 09:58  

#3  I've never understood why the Israelis continued a policy of feeding, clothing and arming people whose repeatedly sworn desire is to see every Jew in Israel dead or banished. If the Muzzy scumbags want war to the knife, give it them. "When it's time to shoot, shoot. Don't talk!" The election of Hamas means it's time to shoot.
Posted by: mac   2006-02-20 08:46  

#2  They're still working on that cause -> effect / choices -> consequences thingy. A bridge too far...
Posted by: .com   2006-02-20 02:17  

#1  Call me weird but HAMAS threatening to destroy one of the future Palestinian State's vital sources of revenue and econ development, i.e the hand that feeds the PA, kinda makes people or Govts. reluctant to keep supporting them.
Posted by: JosephMendiola   2006-02-20 02:06  

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