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Hamas asks for $100m loan
 Ramallah: Hamas has asked Palestinian monetary authorities for an emergency $100 million loan to help ease the government's growing funding crisis.Huh?
Whats this collateral thing you speak of? George el-Abed, head of the Palestine Monetary Authority, said that his organisation was looking into the request. As he struggled to keep a straight face he said "We're studying this issue. We have not made a decision yet," he added. However the authority, which is the watchdog for banks in the West Bank and Gaza, may not have enough money, with officials at the organisation estimating its reserves at $41 million, with $26 million on hand in cash.Hmmm Im no banker but that might just nix the whole deal. Abed added that the refusal of local and regional banks to deal with the Hamas-led government had increased the financial crisis. "Hey...don't point that thing this direction...it might go off. Ohh yeah right...Uhem...Of course it's really the Evil Zionist-Crusader plot to starve the children that's to blame". Posted by: DepotGuy 2006-05-04 |
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