Word: bankes
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Dates: during 1970-1979
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What would be the status of Gaza and the West Bank? I don't know the term for it, but I know there will be two sovereign states in the area: Israel, with the old boundaries, and Jordan, to the east of the river. And in between there is an area that should be under the sovereignty of neither Israel nor Jordan. What I am insisting is that we Israelis should have the right to settle there, that we should not be considered foreigners, and that we should have the right to keep our forces there for our self...
...think there is no other practical way, in the West Bank and the Gaza Strip, than for the Israelis and the Arabs to live mixed together. Israel would keep its forces in these areas-to defend itself, not to interfere in the lives of the Palestinians. We would not drive them away, and we would not take from them a single acre of land. But we should have the right to settle where we choose if there is either state land or land...
What even the most militant of the Palestinians want is to have open borders, to go freely to and from Israel. We would never support the idea of a corridor between the West Bank and Gaza. Why should there be one, when the people of Gaza and the West Bank can pass freely through Israel? The same is true of Jerusalem. Everyone now realizes that the partition of Jerusalem is not a solution. We have to live there together: a Jewish quarter here, an Arab quarter there; a Jewish area like Beersheba, an Arab area like Gaza. They must...
...international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps...
This trillion-dollar capital market has won both ardent fans and impassioned opponents. In its defense, commercial bank ers note that the Eurocurrency market readily supplies investment funds for multinational corporations and provides the mechanism whereby the OPEC countries ''recycle'' their new riches to poor developing nations. OPEC'S leaders, ever fearful of placing too much money in any one country, prefer to keep their petrodollars in short-term Eurocurrency deposits free from the long arm of any government...