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Daily Archives: December 2, 2017

Palestinians to US: Don’t Recognize Jerusalem as Israeli Capital

The Palestinians are warning the United States against recognizing Jerusalem as the capital of Israel.

Mahmoud Habash, an adviser to Palestinian President Mahmoud Abbas, said Saturday that if President Donald Trump were to do so, it would amount to a “complete destruction of the peace process.”

Speaking in Abbas’ presence, Habash said “the world will pay the price” for any change in Jerusalem’s status.

Officials in Washington say Trump is considering recognizing Jerusalem as Israel’s capital as a way to offset his likely decision to delay his campaign promise to move the U.S. Embassy there.

Israel regards Jerusalem as its capital, a position …read more

Greece, Creditors Agree on New Package of Reforms

Greece’s finance minister said Saturday that an agreement had been reached between the heavily indebted country and its creditors on its progress in implementing reforms.

The agreement on the so-called Third Assessment of Greece’s latest bailout program will allow Greece to receive fresh funds next year, after implementing workplace reforms, speeding up the settlement of bad loans, tightening up rules for family subsidies and selling off state-owned power plants.

European monetary affairs commissioner Pierre Moscovici also announced that a “staff-level agreement” had been reached, meaning that although creditor representatives were involved, the European Union’s finance ministers must approve the agreement, which they …read more