Hamas Government on Verge of Financial Collapse

Since the US and EU have stopped payments, the terrorist government will most likely collapse financially:

WASHINGTON (Reuters) – The United States and the European Commission suspended aid to the new Hamas-led Palestinian government on Friday, pushing the Palestinian Authority closer to financial collapse.

The U.S. State Department, making its announcement, said it would boost humanitarian aid to the Palestinians through U.N. agencies to avoid widespread distress in the West Bank and Gaza Strip, but the United States would not fund an organisation committed to the destruction of Israel.

Quoting a statement by Secretary of State Condoleezza Rice, spokesman Sean McCormack said the Palestinian Cabinet must meet terms laid out by the quartet — the United Nations, the United States, the European Union and Russia.

“The path back to the road map is clear: acceptance of the three principles. If it accepts the Quartet principles or a new government comes to power that accepts them, funding can be restored,” the statement said.

The three principles are that Hamas must renounce violence, recognise Israel’s right to exist and express clear support for the Middle East peace process.

As of this morning, Hamas has remained defiant in spite of the financial cut off and will not recognize Israel’s right to exist.

GAZA, April 8 (Reuters) – Prime Minister Ismail Haniyeh said on Saturday his government would not bow to foreign pressure to recognise Israel and disavow violence despite funding cuts that are pushing the Palestinian Authority to financial collapse.

The United States and the European Commission suspended direct aid on Friday to Haniyeh’s new government led by Hamas until the militant Islamist movement renounced violence, recognised Israel’s right to exist and supported peacemaking.

“The attempts to strangle the government have one aim,” Haniyeh said.

“They will not extract political concessions from us that will harm the rights of the Palestinian people,” he said in a speech at the opening of a children’s art exhibition in Gaza.

Hamas’ hate toward Israel is so deep that it has decided it will sacrifice the needs of its own citizens before it acknowledges that Israelis are human beings who have a right to live, too.

All Things Beautiful reminds us of the Hamas Charter, the ideas it will not let go of, in spite of the cut off of aid. Here’s is Hamas’ position on Israel:

On the Destruction of Israel:

‘Israel will exist and will continue to exist until Islam will obliterate it, just as it obliterated others before it.’ (Preamble)

Anti-Semitic Incitement:

‘The Day of Judgment will not come about until Moslems fight Jews and kill them. Then, the Jews will hide behind rocks and trees, and the rocks and trees will cry out: ‘O Moslem, there is a Jew hiding behind me, come and kill him.’ (Article 7)

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