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Old 09-12-2011, 05:54   #1
Pete
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Analysis: Financial Crisis May Destroy PA

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.
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Old 09-12-2011, 06:41   #2
Guy
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Maybe they can track down all the money Yasser Arafat diverted.....

Stay safe.
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Old 10-10-2011, 14:02   #3
mark46th
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Yasser's wife has it in a Swiss Bank...
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Old 10-10-2011, 21:39   #4
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We can only hope
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Old 10-10-2011, 22:01   #5
Richard
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Quote:
Originally Posted by mark46th View Post
Yasser's wife has it in a Swiss Bank...
Luxembourg.

Richard
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