web analytics
November 28, 2014 / 6 Kislev, 5775
At a Glance
News & Views
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



PA Finance Minister Quits in Frustration

Palestinian Authority Finance Minister Nabil Qassis announced on Sunday he is quitting his post as the bloated budget grows and labor unions and politicians refuse austerity measures.

His resignation marks the continuing decline of the Palestinian Authority economy, which has been a de facto welfare state for years and whose economy has been so weak that the World Bank said last year it would be difficult for the PA to maintain itself as a country if it becomes independent.

The Arab world has filed to live up to pledges of billons of dollars in aid, and the European Union  is hard-pressed to continue to bail it out in the wake of struggling economies back home.

Israel last week said it would resume transferring to the Palestinian Authority tax revenues collected in order to prevent a rise in tensions on the Arab street.

The World bank noted last year that the budget deficit, lack of commitment from Arab donors,  “few positive prospects in the broader political environment and t eh slit between Hamas and the rival Fatah faction headed by PA Chairman Mahmoud Abbas all combine to raise questions about the viability of a PA state.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “PA Finance Minister Quits in Frustration”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A would-be preacher delivers his message of hate from the Muslim"holy site" on the Temple Mount.
Al Aqsa Mosque ‘Stand-Up’ Preacher Calls for Annihilation of the United States
Latest News Stories
A would-be preacher delivers his message of hate from the Muslim"holy site" on the Temple Mount.

A pre-Thanksgiving speech for Americans. Obama, are you listening?

Happy Thanksgiving," even if you are not American, from the pro-Assad hacker army.

“You’ve been hacked by the Syrian Electronic Army.”

Border Police keep an eye out for Palestinian Authority terrorists.

Murderers have upgraded their weapons from rocks and firebombs to guns.

Thanksgivukah

Thanksgiving is an American secular holiday that most Jews have no problem celebrating due to its lack of overt religious symbols (unlike the American holidays right before and after it). Still, there are always holdouts for some reason or another. Let’s hear what you do…

Maybe he thought those white hoods are prayer shawls although they are closer to being burkas.

As the expression goes, “Don’t bring a knife to a gunfight.”

Hamas snipers fired from Gaza at an IDF routine patrol operating along the security fence early afternoon on Thursday. No injuries were reported, and the vehicle was damaged. The IDF responded with an artillery shell aimed at the source of fire.

Jacob Richman found this amusing mistake in the store. Do we eat these “extra crispy” soap nuts, or wash the dishes with them?

For every terrorist cell Israel announces it has captured, there are many more kept under wraps.

On Monday evening, tTwo Arab MKs hurled epithets at MKs David Rotem and Feiglin from the podium. Here is Feiglin’s response.

Most significantly, both sides made progress until they talked about the status of Jerusalem.

If the Shin Bet had not stopped the terrorist cells in its tracks, they would have caused a mass catastrophe.

MK Miri Regev said the law is a difficult and complicated one, and it requires a serious discussion about its downsides, and therefore shouldn’t be rushed into implementation.

The Navy has selected Captain Or Cohen to become the first woman appointed as an IDF Navy ship’s commander.

Three Gazans were captured overnight when they crossed over the security fence into Israel.

Over 200 hair salons across Israel took part in the annual nationwide drive to collect hair for the Zichron Menachem Cancer Support in Israel in partnership with Pantene Products Israel.

More Articles from Tzvi Ben-Gedalyahu
A would-be preacher delivers his message of hate from the Muslim"holy site" on the Temple Mount.

A pre-Thanksgiving speech for Americans. Obama, are you listening?

Happy Thanksgiving," even if you are not American, from the pro-Assad hacker army.

“You’ve been hacked by the Syrian Electronic Army.”

Murderers have upgraded their weapons from rocks and firebombs to guns.

Maybe he thought those white hoods are prayer shawls although they are closer to being burkas.

For every terrorist cell Israel announces it has captured, there are many more kept under wraps.

Most significantly, both sides made progress until they talked about the status of Jerusalem.

If the Shin Bet had not stopped the terrorist cells in its tracks, they would have caused a mass catastrophe.

Printed from: http://www.jewishpress.com/news/breaking-news/pa-finance-minister-quits-in-frustration/2013/03/03/

Scan this QR code to visit this page online: