Palestinian Tycoon Masri Seeking to Help Stop West Bank Collapse

[oberliner]

Munib R. Masri, one of the richest Palestinians, is trying to prod banks and Arab nations to help avert the Palestinian Authority’s collapse following Israeli Prime Minister Benjamin Netanyahu’s election victory.

Masri, chairman of Palestine Development & Investment Co., said Netanyahu’s campaign remarks against Palestinian statehood and Israel’s withholding of hundreds of millions of dollars in tax revenue were “black smoke” on the horizon.

“If Israel keeps doing what it is doing, it will cause the Palestinian Authority to collapse,” he said. “We are talking to everyone to see what can be done.”

Masri, 80, a confidant of the late Yasser Arafat, says he’s contacted Arab leaders and lenders in an effort to manage the financial crunch in the West Bank and Gaza Strip. The government of Algeria said Tuesday it transferred $52.8 million to the Palestinian Authority, according to the official Palestinian news agency Wafa.

http://www.bloomberg.com/news/articles/2015-03-25/palestinian-tycoon-masri-seeking-to-help-stop-west-bank-collapse

[geek tragedy]

1. The formal status of an apartheid state may be here sooner rather than later.

The PA dissolves, thus disappears the fig leaf of autonomy as opposed to military rule, de facto annexation, and deprivation of all civil rights and liberties within the occupied territories.

The 'peace process' façade is now in the trash bin where it belongs; so the fake autonomy may as well go too.

And we can now see just how dishonest Israel and its apologists are when they complain about the lack of a partner to negotiate, when Israel with intent and malice actively tries to destroy what's left of Palestinian civil society.

[Scootaloo]

2. He might get kicked out of the Tycoon Club for trying to save a government rather than looting it

[guillaumeb]

3. very nice

wish I had said that.

[sabbat hunter]

4. If the want to fund the PA and gaza for a while

all they have to do is recoup all the billions that Arafat stole and that his widow now has. That will go a long way to staving off any problems