Pete
09-12-2011, 05:54
Analysis: Financial Crisis May Destroy PA
http://www.israelnationalnews.com/News/News.aspx/147786
"The Palestinian Authority’s growth has been fueled by handouts, but the World Bank reports that dry financial wells may cause an “acute fiscal crisis.”
The latest report, which contradicts previous glowing accounts of how the Palestinian Authority (PA) can maintain itself as stable country, warns of an economic slowdown in the PA, primarily due to the lack of donor countries fulfilling their pledges to fork over billions of dollars to Ramallah................"
Money flushed down a rat hole. Free money allows them to not focus on fixing and problems. They just tear it down......
..........like the greenhouses.
http://www.israelnationalnews.com/News/News.aspx/147786
"The Palestinian Authority’s growth has been fueled by handouts, but the World Bank reports that dry financial wells may cause an “acute fiscal crisis.”
The latest report, which contradicts previous glowing accounts of how the Palestinian Authority (PA) can maintain itself as stable country, warns of an economic slowdown in the PA, primarily due to the lack of donor countries fulfilling their pledges to fork over billions of dollars to Ramallah................"
Money flushed down a rat hole. Free money allows them to not focus on fixing and problems. They just tear it down......
..........like the greenhouses.