Behind the scenes: The banking correspondence authorization will end on Oct. 31 and the U.S. and many of its allies are concerned Smotrich is not going to extend it, U.S. officials said.
During a meeting in recent weeks of treasury and finance officials from the governments of the G7 countries, the U.S. raised its concerns about Smotrich and the Palestinian banks, an official from one of the G7 countries said.
The G7 official said the U.S. warned that if the Palestinian banks are cut off from Israeli banks it could significantly destabilize the West Bank and create a violent escalation that would spill over into Israel.
The West Bank would turn into a “cash economy” that could benefit terrorist organizations that largely use cash to operate, the G7 official said.
The West Bank would turn into a “cash economy” that could benefit terrorist organizations that largely use cash to operate, the G7 official said.
This is exactly what they want. It’s part why Hamas exists, because Israel intentionally created it and molded it into an extreme militant group. Who knows how long they will wait, but Israel is going to invade the West Bank with this excuse.
I wish all those Israeli politicians would live one week with all their families in either the West Bank or Gaza and to experience the other side of the coin. I want them to experience first hand the living hell they created.
The Biden administration is so concerned they will continue to prop up a terrorist regime.
