Israel today (December 2, 2012) rejected the United Nations' endorsement of an independent state of Palestine, announcing it would withhold more than $100 million collected for the Palestinian government to pay debts to Israeli companies, according to the News Max World website.
It was the second act of reprisal since the UN General Assembly voted overwhelmingly on November 29 to support the Palestinians' statehood initiative. The following day, Israel announced it would start drawing up plans to build thousands of settlement homes, including the first-ever residential developments on a sensitive piece of land near Jerusalem.
Prime Minister Benjamin Netanyahu of Israel declared the statehood campaign -- led by Palestinian President Mahmoud Abbas -- as "a gross violation of the agreements signed with the state of Israel."
"Accordingly, the government of Israel rejects the UN General Assembly decision," he said. Israel -- backed by the United States -- campaigned against the statehood measure, arguing that only negotiations can deliver a Palestinian state.
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