World

Palestinian Authority Faces Severe Financial Crisis

NPR | Feb. 15, 2013 5:39 a.m.

Contributed By:

Larry Abramson

The Palestinian Authority has been running on fumes since November. The group’s successful bid to be recognized as a “state” by the U.N. has led to financial sanctions by Israel and the U.S., and pledges from the Arab world have not shown up. As a result, 180,000 civil servants have been on strike, and that has closed schools and is strangling the economy.

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