Palestinian Authority May Declare Bankruptcy

    11

    JERUSALEM (JNS) – The Palestinian Authority is mulling the possibility of declaring financial bankruptcy, Kan Reshet Bet, Israel’s Public Broadcasting service, reported on Wednesday

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email


    The decision would entail the complete closure of P.A. government offices, leading to possible instability in Judea and Samaria, as the P.A. is the largest employer in the areas under its control.

    A large number of Palestinian security personnel have already resigned and are looking for work in the private sector, the news site reported. In recent months, they’ve been receiving 80% of their salaries, and many have gone into debt, upon which the banks close their accounts.

    Israeli Prime Minister Benjamin Netanyahu told a Knesset panel recently that the Palestinian Authority would not be allowed to fail.

    “We need the Palestinian Authority. We cannot allow it to collapse. We also do not want it to collapse. We are ready to help it financially. We have an interest in the P.A. continuing to work. Where it succeeds in operating, it does the job for us. And we have no interest in it falling,” said Netanyahu, according to Kan.

    Tensions are already high in Judea and Samaria, as the P.A. appears to have effectively lost control of northern Samaria and violence has increased dramatically.

    More right-wing members of Netanyahu’s coalition have called for a tougher military response following a string of incidents including a terror attack near the Samaria community of Eli on June 20 that left four Israelis dead, and an Israeli military operation that ran into tough resistance in Jenin, requiring the unusual use of an Apache gunship to ensure soldiers’ safe extraction.

    On Monday, two rockets were launched by terrorists in Jenin, though without warheads.


    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates


    Connect with VINnews

    Join our WhatsApp group


    11 Comments
    Most Voted
    Newest Oldest
    Inline Feedbacks
    View all comments
    Liam K. Nuj
    Liam K. Nuj
    10 months ago

    Well, they are already morally bankrupt, so…

    Mr. Cohen
    Mr. Cohen
    10 months ago

    Mr. Alon Ben-Meir (a Leftist-Progressive college professor) said:

    “In Jordan, out of more than three million Palestinians, almost 2.2 million are registered as refugees, although the vast majority have full Jordanian citizenship.

    In Lebanon, nearly all Palestinians (approximately 500,000) are considered refugees and denied citizenship, and the same is true in Syria with almost 530,000 registered as refugees.

    In all three, the vast majority of Palestinian refugees were in fact born in those countries.”

    SOURCE: The End of the ‘Right of Return’ by Alon Ben-Meir,
    2018 August 12 www (dot) algemeiner (dot) com

    Lgb
    Lgb
    10 months ago

    Good.

    stamnamefortrump
    Noble Member
    stamnamefortrump
    10 months ago

    Good. Then they will God willing stop funding terrorism. Israel belongs to the Jewish people not Arabs

    Mr. Cohen
    Mr. Cohen
    10 months ago

    “[The] Olso [peace treaty] also failed because the Palestinians, while talking peace in English, continued to build hate against Israelis in Arabic, in their mosques and textbooks.

    And they continued to draw maps of a future Palestinian state that erased Israel.”

    SOURCE: Longitudes and Attitudes (page 224)
    by Thomas L. Friedman, 2002 April 7

    Mr. Cohen
    Mr. Cohen
    10 months ago

    Abraham Cooper said:

    “The Palestinian Authority and Hamas both use a school curriculum that denies Israel’s existence, and teaches children to venerate terrorists.”

    SOURCE: No Palestinian-Israel Peace in 2019 — but Here Are Some Developments We Can Expect by Abraham Cooper, 2018/12/31
    www (dot) algemeiner (dot) com

    NOTE: Rabbi Abraham Cooper is [or was] Director of Global Social Action for the Simon Wiesenthal Center.

    Mr. Cohen
    Mr. Cohen
    10 months ago

    Melanie Phillips (columnist for “The Times of London”) said:

    “The ancestors of today’s Palestinian Arabs were Hitler’s army in the Middle East; and their descendants can justly be regarded as the last undefeated front in the Nazi war against the Jews.”

    SOURCE: article by Melanie Phillips, 2019 May 16
    “Tlaib strives to alter narrative of hate fomented by Arabs”
    www (dot) jns (dot) org

    Phineas
    Phineas
    10 months ago

    I’m curious as to who their largest creditors are. The IMF? The World Bank? They had to know they were never seeing that money again. The Saudis donated but I never head that they lent money to the PA.Either way, Netanyahu is going to get them outside funding.

    Alta Bubby
    Alta Bubby
    10 months ago

    Check the leaders bank accts and holdings
    Take it from there

    lazerx
    lazerx
    10 months ago

    yeah, why not, they are always looking for money to give to themselves and family and friends. The USA and EU etc will send them much gelt.