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t become the kind of full-scale revolts that hit Tunisia, Libya, Egypt, Yemen and Syria. But there is a growing sense that the leaderships of both Fatah (in charge in the West Bank) and Hamas (which controls Gaza) have lost much of their legitimacy. Mired in corruption and addicted to repression, n
of the EU treaty's proscription of bailouts for governments; rejection of European economic governance; the ban on direct government financing by the European Central Bank; refusal to support mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Feder
yed, they may succeed by the end of June. The plan is for that new government to rule for six months and then hold elections, but neither Hamas nor Fatah wants to subject itself to the unpredictability of the polls. For Abbas, elections might end his years of happy globe-trotting. He claims that ret
at affordable rates. Meanwhile, their banks are hemorrhaging deposits. Up until now, broke banks could prop up broke governments by borrowing from the European Central Bank and using the cash to buy their governments' bonds. But that game is over. For there is nothing the ECB can do to stop panicky Spaniards swapping
t become the kind of full-scale revolts that hit Tunisia, Libya, Egypt, Yemen and Syria. But there is a growing sense that the leaderships of both Fatah (in charge in the West Bank) and Hamas (which controls Gaza) have lost much of their legitimacy. Mired in corruption and addicted to repression, ne
y of the EU treaty's proscription of bailouts for governments; rejection of European economic governance; the ban on direct government financing by the European Central Bank; refusal to support EFTA00711886 mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a
modern history of the Middle East, revolution and Arab awakening have long been linked with the Palestinian cause. The recent reconciliation between Fatah and Hamas, for example, probably reflected a general desire to take advantage of a propitious historical moment, which then found its reaffirmation i
Page: HOUSE_OVERSIGHT_018090 →rkel's leadership. If we are talking about the European economy and currency, Germany is the indispensable power. Only the combination of Germany and the European Central Bank, working in unison, has a chance of calming the mighty markets. For more than a year now, Merkel has attempted to find the narrow — perhaps nonexist
Page: HOUSE_OVERSIGHT_018102 →Entities connected to both Fatah and the European Central Bank

Jerusalem
LOCATION
Barack Obama
PERSON
Mahmoud Abbas
PERSON
Benjamin Netanyahu
PERSON
Lebanon
LOCATION
George W. Bush
PERSON
Bashar al-Assad
PERSON
United States
LOCATION
Cairo
LOCATION
Tehran
LOCATION
Damascus
LOCATION
Hosni Mubarak
PERSON
Tunisia
LOCATION
West Bank
LOCATIONthe West Bank
LOCATION
Bill Clinton
PERSON
Marc Rich
PERSON
Terje Rod-Larsen
PERSONSinai
LOCATION
Yemen
LOCATION