RealNews

Envoy says Palestinians face financial collapse

International envoy James Wolfensohn said the Palestinian Authority faces financial collapse within two weeks now that Israel has cut off tax transfers in response to Hamas’s election victory. Even if the Palestinian Authority survived with emergency funding, the financial crisis could bring violence and chaos unless the Quartet of major peace mediators developed a long-term funding plan once a Hamas-led government is in place, Wolfensohn said in a letter released on Monday. Full Story

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