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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (270324)	1/30/2006 5:36:26 AM
From: GUSTAVE JAEGER	Read Replies (1) of 1577031

Re: That said though, if the west cuts the foreign aid, Hamas will be in deep doo doo. Palestine doesn't bring in enough money to feed the Palestinians. They could starve. LOL! Sure, they could even DROWN! They'll drown in a whirl of Saudi cash.... Jan. 29, 2006 22:27 \| Updated Jan. 30, 2006 8:27 Saudi Arabia promises PA $100m By HERB KEINON Saudi Arabia could bail the Palestinian Authority out of an impending fiscal crisis following the landslide victory of Hamas if it transfers the $100 million to the Palestinian Authority that it pledged to PA chairman Mahmoud Abbas when he visited there in late December. In addition to bailing out the PA, the money would also give Israel and the world more time to ponder how to deal with the PA following Wednesday's Hamas victory. According to western diplomatic sources, Saudi Arabia pledged the money to Abbas because the European Union refused to transfer payment of some $60 million in November after the PA embarked on campaign economics: raising salaries and putting more people on its payroll. The Saudi money would be enough for the PA to pay January's salaries - about $60 million - and give it some additional breathing room. Israel is scheduled to transfer to the PA some $60 million in taxes and customs revenues it collects for the PA on Friday. Acting Prime Minister Ehud Olmert said at Sunday's cabinet meeting that Israel still had not decided whether - in light of the Hamas victory - it would indeed transfer the funds. In the evening, at a press conference with visiting German Chancellor Angela Merkel, Olmert said that Israel "has no intention of transferring funds" that will aid terrorists. Underscoring that Israel was "very sensitive" to Abbas's position, he said Israel had to be very careful that money it transferred would not later be used against Israel. Merkel said that Europe should not fund the PA as long as Hamas does not recognize Israel and disarm. [snip] jpost.com

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