Sunday, July 26, 2009

PA Denies Bankruptcy Reports

News reports all the way from China...
RAMALLAH, July 23 (Xinhua) -- A Palestinian financial expert and former minister of planning ruled out Thursday that the Palestinian National Authority (PNA) would face an imminent fiscal collapse and a real bankruptcy.

Samir Abdallah told Xinhua on telephone from Ramallah that "this matter (PNA's financial collapse) will never happen."

He revealed that the PNA depends on its own financial resources "that cover 50 percent of its financial needs." He added that there are pledges of so many donors to develop and improve the PNA budget.

However, he admitted that "This doesn't mean the fiscal situation of the PNA is good, but it is difficult."

The PNA, which has been passing through a real financial crisis over the past few months, denied on Thursday earlier Israeli reports saying that the PNA is facing a serious fiscal collapse and a real bankruptcy.

Maybe they need President Obama's nationalized health plan as well?


Tisha B'Av evening Wednesday, July 29 - join the Women in Green as they March around the Walls of the Old City of Jerusalem. But first the reading of Eichah will take place in front of the US Consulate on Agron Street at 8:00pm.

Wherever I am, my blog turns towards Eretz Yisrael טובה הארץ מאד מאד

2 comments:

josh said...

They were screwed when Madoff fell. Don't you know that Arabs really believe that the Jwes control the world's money? They really trusted him as well.

I wonder how much Suha had with Bernie.

Steven said...

How can they be bankrupt with all the money the world keeps throwing at them?

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