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July 26, 2012

U.N.: No 'breakthrough' in Mideast talks


Israeli Prime Minister Binyamin Netanyahu. (UPI Photo/Debbie Hill)

UNITED NATIONS (UPI) -- A top U.N. official told the Security Council Wednesday there has been no "breakthrough" in stalled Palestinian-Israeli peace talks.

"The effort to restart direct talks has not reached a breaking point, but there has not been a breakthrough either and that is increasingly a concern," Robert Serry, special coordinator for the Middle East Peace Process, said. "While talks remain stalled, events on the ground continue to move in the wrong direction."

Serry told an open debate of the Security Council that "quiet direct exchanges" between the parties are ongoing, all in an attempt to reach agreement on a package that would create an environment for talks and high-level contacts.

The two sides have yet to resume direct negotiations since talks stalled in September 2010 after Israel refused to extend its freeze on settlement activity in the occupied Palestinian territory.

But Palestinian President Mahmoud Abbas and Israeli Prime Minister Binyamin Netanyahu in recent months repeated their desire to negotiate, the United Nations said.

A U.N. statement said the Palestinian Authority "faces an acute challenge in maintaining its solvency," announcing at the start of the year it owed $1.1 billion in bank loans and $400 million to the private sector. It also expects a $1 billion shortfall in its $3.5 billion budget for 2012.

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