Israel May Be Signaling A Major Shift In Policy Toward The Palestinians
Posted on July 19, 2012 at 6:25 PM EST
A couple of weeks ago, news broke that the Israelis applied to the IMF for a bridge loan on behalf of the Palestinian Authority ($100 million out of $1 billion the PA requested). Though the IMF turned them down, this is a big, underreported development.
I have spoken to several sources in the business and political activist communities on both sides, and they all say this is major and that events are clearly moving in a new direction on the ground.¬†Even if we consider simply how chilly the official relationship has been recently ‚ÄĒ Abbas applying unilaterally to the UN last year ‚ÄĒ and how unlikely the Palestinians are to repay, this is a significant financial liability Israel has volunteered to undertake, and indicates some important new development underway.