Arabs lift Palestinian financial blockade

[bemildred]

Arab countries have agreed to lift the financial blockade on the Palestinians after the US vetoing of a draft United Nations resolution condemning the recent Israeli offensive in the Gaza Strip.

Amr Moussa, the Arab League secretary-general, said at a meeting of the organisation in Cairo on Sunday: "There will be no compliance with any restriction imposed ... The Arab banks have to transfer money .

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The US and European-led imposition of economic sanctions, along with an Israeli refusal to release revenues it collects on the Palestinians behalf, have severely damaged the Palestinian economy and have led to protests by civil servants who have gone unpaid for months.

Arab banks have not transferred funds to the Hamas-run Palestinian Authority amid concerns of incurring US-led penalties.

al Jazeera

[Larkspur]

1. Good.

I can support the Arab countries with this motion because Israel gets carte blanche to murder Palestinians.

[breakaleg]

2. Good. Israel, take note.

[Kagemusha]

3. I wonder if the banks will actually defy the US

having access to the US financial system denied will hurt. But it just plain depends.

[bemildred]

4. I would expect them to do what their governments tell them to do.

We will soon see what that amounts to.

[Kagemusha]

5. I don't think it's that simple.

But yeah, we'll see...