bARABie – Hard Hitting Facts

October 30, 2007

As Israel tightens economic screws, Gaza fears a run on banks

Filed under: Uncategorized — barabie @ 1:07 pm

“This means the death of banking life in Gaza,” he said. “All our business with the world is done through Israeli banks.” His institution has done business with Israeli banks for 24 years but has had to move its headquarters to the West Bank, which is controlled by the moderate government of Palestinian President Mahmoud Abbas and is not affected by the order. Read more…


1 Comment »

  1. Failed jihads sure are frustrating, aren’t they?


    ATLANTA – The Palestinian people have plunged into a deep depression with unemployment and poverty at record levels, and peace with Israel is the only answer, longtime Palestinian lawmaker Hanan Ashrawi said Monday.

    “Palestinians are experiencing one of the most difficult phases in our history,” said Ashrawi, an elected member of the Palestinian Legislative Council and an active voice in the Mideast peace process.

    “Now we see not just a political and economic battle but a battle over the soul of Palestine,” she told an audience of about 200 gathered at Emory University. “We find ourselves in the grip of … the deconstruction of Palestine.”

    “Nearly 75 percent of Palestinians living in Gaza are dependent on welfare and the territory’s unemployment rate has skyrocketed to 50 percent,” she said. Conditions have worsened in Gaza since the militant Islamic group Hamas seized control in June.

    Ashrawi’s lecture was part of a series of speeches on the Emory campus focusing on peace building in wartorn regions…

    Comment by CAT — October 30, 2007 @ 5:56 pm

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