European Union Set To Offer Massive Aid To Israel, Palestinians For Peace Deal

The European Union flag flies in front of the European Central Bank in Frankfurt, Germany. | Photo by Bloomberg

The European Union flag flies in front of the European Central Bank in Frankfurt, Germany. | Photo by Bloomberg

Haaretz:

The European Union is expected to announce on Monday that it will offer an unprecedented assistance package to Israel and the Palestinians, if the two parties sign a final-status agreement.

The organization also promised to upgrade relations with both parties to the highest level possible for nonmember nations in the event of a peace treaty.

A senior European diplomat, who asked to remain anonymous because of the sensitivity of the matter, said a draft of the policy decision was approved yesterday at a meeting of the EU’s Political and Security Committee in Brussels. Ambassadors to the EU from the organization’s 28 member states attended the meeting.

The draft resolution, a copy of which was obtained by Haaretz, details the economic, political and military aid the EU hopes will encourage Israel and the Palestinians to agree to the painful compromises that a peace agreement will inevitably entail.

The senior EU diplomat said U.S. Secretary of State John Kerry is on board with the move, which is being shepherded by the foreign ministers of Germany, Britain, France, Spain and Italy. Their colleagues in the EU’s 25 other member states are scheduled to vote on the proposal on Monday. It is expected to pass, without significant changes.

Read the whole story at Haaretz

 

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