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.Â Even if we consider simply how chilly the official relationship has been recently â€” Abbas applying unilaterally to the UN last year â€” 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.
Read more:Â businessinsider.com