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World Bank
Oh and that Palestinian state they're all lining up to support, it's a giant welfare state.
from the World Bank report
The economic growth observed in West Bank and Gaza is arguably donor-driven... the growth is mostly confined to the non-tradable sector and reflects the importance of donor aid in driving the Palestinian economy...
Thus, growth is mostly confined to the non-tradable sector and probably reflects the importance of donor aid in driving the Palestinian economy. Israel remains WB&G’s largest trading partner, yet in the first three quarters of 2010, exports of goods and services to Israel were only about US$480 million in nominal terms...
Because of the need to fund development projects for which designated aid was not received, the PA was forced to increase bank borrowing and accumulate arrears at an unsustainable rate. Net domestic bank financing increased by about US$84 million, with gross borrowing of US$200 million, so that at the end of 2010, total domestic debt stood at about US$840 million, which may be close to the PA’s borrowing limits. In 2010, the PA paid close to US$23 million in arrears in net lending, but it accumulated another US$144 million in new arrears.
Total domestic debt twice as high as exports, an economy based entirely on soliciting money from the US and the EU. Are you thinking what I'm thinking?
Obama for Palestinian president. Oh wait, he is already.
And good news. Fayad wants another 5 billion dollars to create a Palestinian state. In 2007 he was asking for a billion euros and it's done 'wonders'.
By way of comparison, look at this 1938 footage of Jewish militia training under General Wingate
In less than a decade, they became an army and defeated the armies of most of the regional powers combined. In a generation they were considered a match for many European militaries. And that was before a cent of US aid ever came their way.
Compare that to the pathetic site of terrorist leaders like Abbas and Fayad carrying on a holy war for popularity and then demanding money for a state.
Finally Steven Plaut has an important piece on Lessons from the Ivory Coast at Front Page Magazine
The most important aspects of the crisis in the Ivory Coast are being overlooked or deliberately disguised by the Western media. One can read media report after media report without discovering the basic fact that the Northern Ivory Coast “rebels” are Muslims. Indeed they are Muslims who by and large entered the Ivory Coast as infiltrators, through borders that are poorly patrolled, from neighboring countries. A better advertisement for stronger border control cannot be found. At least four million illegal immigrants, mostly Muslim, entered the Ivory Coast during the past two decades, tilting the demographic balance there.
And these Muslim infiltrators and interlopers, increasingly backed by African, French and Western powers, are challenging the control by Ivory Coast natives over their own country. The sufferings and violence in the Ivory Coast may well illustrate what awaits Europe if it continues its own demographic suicide and if it continues to flood itself with Muslim immigrants.
