Palestinian Authority May Declare Bankruptcy

 Israeli Prime Minister Benjamin Netanyahu told a Knesset panel recently that the Palestinian Authority would not be allowed to fail.We need the Palestinian Authority. We cannot allow it to collapse. We also do not want it to collapse. We are ready to help it financially. We have an interest in the P.A. continuing to work. Where it succeeds in operating, it does the job for us. And we have no interest in it falling.PHOTO BY POOL/GETTY IMAGES

The Palestinian Authority is mulling the possibility of declaring financial bankruptcy, Kan Reshet Bet, Israel’s Public Broadcasting service, reported on Wednesday

The decision would entail the complete closure of P.A. government offices, leading to possible instability in Judea and Samaria, as the P.A. is the largest employer in the areas under its control.