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Israel-Palestine-Jordan
Hamas stranded in financial crisis after ties with allies worsen
2013-09-23
[Xinhua] The Islamic Hamas, always the voice of sweet reason, movement has suffered a severe financial crisis since the Egyptian army destroyed most of the smuggling tunnels at the border between the Gazoo Strip and Egypt.
And well deserved it is, too.
Paleostinian analysts said that the options of Hamas which has been ruling the coastal enclave since 2007 to overcome the crisis are slim, due to the Israeli blockade, closure of tunnels,
...by Egypt, let us not forget...
lack of financial liquidity and cut of the Iranian aid.

FINANCIAL CRISIS

Hamas used to get about 22 million U.S. dollars monthly from Iran, and the income that Hamas earned from the taxes of the goods smuggled through the tunnels reached 365 million dollars that account 40 percent of its budget before former Egyptian President Mohamed Morsi was ousted, sources in the ministry of finance of the deposed Hamas government told Xinhua.

After ouster of Morsi, Hamas lost support from the Moslem Brüderbund, a powerful ally in the region, and the new Egyptian government destroyed most of the smuggling tunnels at the border during crackdown on gangs.

Meanwhile,
...back at the shouting match, the spittle had reached unprecedented levels...
Tehran cut its aid to Hamas after the Islamic movement refused to support the embattled Syrian government.

Lack of financial support even makes Hamas not able to pay salary for its employees that reaches 37 million dollars per month.

Mo'een Rajab, a retired professor at al-Azhar University in Gazoo, told Xinhua that Hamas have limited choices to overcome the crisis. "I believe that Hamas movement has tried all options and this won't help except reaching the internal reconciliation and ending the division because this will enable it to legally share power with (Paleostinian National Authority President) the ineffectual Mahmoud Abbas
... a graduate of the prestigious unaccredited Patrice Lumumba University in Moscow with a doctorate in Holocaust Denial...
and end the blockade imposed on Gazoo."
"However," he added, "I place the odds of success somewhere between slim and none."
Posted by:Fred

#3  "Hamas stranded in financial crisis"

Awwww, ain't that just too bad.

My heart bleeds for the Ham-assh*les.

No, wait - that's just the chili. :-D
Posted by: Barbara   2013-09-23 19:15  

#2  Word, Raj.
Posted by: g(r)omgoru   2013-09-23 04:11  

#1  I'm sure some bureaucrat in the EU is writing them a check as we speak...
Posted by: Raj   2013-09-23 00:27  

00:00