Article

2004-02-08 Middle East

Cash-strapped Palestinian administration nears default on civil service wages

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Posted by tipper 2004-02-08 6:15:13 AM|| || Front Page|| [2 views since 2007-05-07] Top

#1 I wonder who is guaranteeing those bank loans. No banker in his right mind would make an unsecured loan to the paleos.

Posted by phil_b 2004-2-8 6:26:54 AM|| 2004-2-8 6:26:54 AM|| Front Page Top

#2 Beat me to it.Phil.

If thier guts were on fire,I wouldn't piss-up thier ass.

Posted by Raptor 2004-2-8 8:59:51 AM|| 2004-2-8 8:59:51 AM|| Front Page Top

#3 economic collapse? Arafat alone could pay those salaries from the graft he's skimmed off - this needs to be brought up every time the Paleos blame the Joooooos, who, of course, run the international banks that won't give them loans.
I, for one, would give them a crisp $5 bill for each Hamas, IJ, A-AMB snuffie they arrest and execute....deal?

Posted by Frank G 2004-2-8 9:09:45 AM|| 2004-2-8 9:09:45 AM|| Front Page Top

#4 Well, they can always go to Saddam for the money....oh, never mind.

Posted by Matt 2004-2-8 10:48:01 AM|| 2004-2-8 10:48:01 AM|| Front Page Top

#5 1. Lay off part of their bloated bureaucracy )125,000? They aren't THAT big.)

2. Raid Arafat's French and Swiss bank accounts to pay the rest. He should have enough money not-so-secretly stashed away to pay them for years to come.

Posted by Barbara Skolaut 2004-2-8 12:16:06 PM|| 2004-2-8 12:16:06 PM|| Front Page Top

#6 the eurotrash are the ones underwriting these loans.

Posted by Dan 2004-2-8 12:29:21 PM|| 2004-2-8 12:29:21 PM|| Front Page Top

#7 Now comes part two: ensuring the PA lacks the funds for "military" operations and splodeydopes.

Posted by JFM 2004-2-8 1:08:09 PM|| 2004-2-8 1:08:09 PM|| Front Page Top

#8 I think those bank loans (from banks operating in Palestinian areas) were more like protection money. "Got a nice bank here. Be a shame if something were to happen to it, eh?"

Posted by Steven Den Beste 2004-2-8 5:17:58 PM|| [http://denbeste.nu] 2004-2-8 5:17:58 PM|| Front Page Top

#9 Maybe the tourist rade will turn around for them.

Posted by Super Hose 2004-2-8 7:42:09 PM|| 2004-2-8 7:42:09 PM|| Front Page Top

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