Money and EconomicsIsrael and Palestine
Money makes the world go round and actions speak louder than words. Where is the money going? What is it used for?
Wednesday, February 25, 2004
U.S. Critical of Israeli Raid on [Palestinian] Banks: Israeli force seized at least $6.7 million
Excite News: "U.S. Critical of Israeli Raid on Banks | Feb 25, 5:42 PM (ET) | By BARRY SCHWEID
WASHINGTON (AP) - The State Department criticized Israel on Wednesday for raiding Palestinian banks in search of funds for terror groups without coordinating with Palestinian financial authorities.
Department spokesman Richard Boucher said, "We certainly recognize the need to cut off funding for terror organizations" but said Israel should work closely with the authorities who supervise Palestinian banks to ensure the money does not get to terror groups.
"Some of these actions that were taken risk destabilizing the Palestinian banking system, so we would prefer to see Israeli coordination with the Palestinian financial authorities in order to stem the flow of funds to terrorist groups," he said.
...
In the bank raids on the West Bank, Israeli force seized at least $6.7 million.
Israel said Iran, Syria and Lebanese guerrillas had sent the funds to Palestinian militants. ...
Excite News: "U.S. Critical of Israeli Raid on Banks | Feb 25, 5:42 PM (ET) | By BARRY SCHWEID
WASHINGTON (AP) - The State Department criticized Israel on Wednesday for raiding Palestinian banks in search of funds for terror groups without coordinating with Palestinian financial authorities.
Department spokesman Richard Boucher said, "We certainly recognize the need to cut off funding for terror organizations" but said Israel should work closely with the authorities who supervise Palestinian banks to ensure the money does not get to terror groups.
"Some of these actions that were taken risk destabilizing the Palestinian banking system, so we would prefer to see Israeli coordination with the Palestinian financial authorities in order to stem the flow of funds to terrorist groups," he said.
...
In the bank raids on the West Bank, Israeli force seized at least $6.7 million.
Israel said Iran, Syria and Lebanese guerrillas had sent the funds to Palestinian militants. ...
