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Monday, January 17, 2011

The schnorrers

We keep hearing how the 'Palestinian Authority' is building 'institutions' to prepare itself for 'statehood.' But is that really so? According to a new study conducted by economic analyst Eyal Ofer in cooperation with President of Financial Immunities consulting firm Adam Roiter, the only 'institution' the 'Palestinians' are building is a schnorring infrastructure (Hat Tip: Yoram Ettinger).
According to the study's findings, during 2009 and 2010 the PA's reliance on donations increased – with a 20% growth in donations, totaling some $3.96 [billion] per year.

In real values, the scope of donations more than doubled within a period of four years.

The research, similarly to OECD reports, points to the PA's steadily increasing dependence on donation funds. In fact, the Palestinian people receive the largest amount of donations worldwide.

For every Palestinian citizen, the PA receives an average of $1,000 per annum, which amounts to an average of ILS 2,000 (about $560) per family, per month. The data reinforces the claim that there is no Palestinian economy, and that in reality is almost exclusively supported by the donation industry.

Yes, an economy can be built from donations – if these are allocated for development, production and infrastructure, but this is not the case.

"The donations toward the entrenchment of government institutions instead of the development of infrastructure, industry, human capital etc'," explained Roiter. "What we have here is a schnorrer country, without which it does not exist," he added.

Ofer and Roiter noted that since 2000 – when the rate of donations reflected 10.47% of total GNP – there has been a steady increase in the scope of foreign donations. The most significant boost began in 2007, immediately after Hamas gained control of the Gaza Strip, and following the PA's claim that it needed more funds to establish its regime.
And I'll guarantee that if they were not trying to destroy the Jewish state, the 'Palestinians' would not be getting one red cent from the 'international community,' which is why it's in their interest to perpetuate the conflict.

What could go wrong?

Read the whole thing.

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At 11:31 PM, Anonymous Anonymous said...

Well the outstanding 13-14 trillion dollar US debt is about 93% of the GDP--& this leaves out a lot of unfunded obligations--the US is now racking up $1.3 trillion dollars in new debt a year. A lot more economic pies twirling on poles in the States than the Palis but not sustainable.


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