It set out a proposal to relocate the residents of Gaza to Sinai (Egypt) as a solution “which will produce positive long-term strategic results”. But how could Egypt accept such a solution when most of its population appears to be pro-Palestinian?

The answer can be found in the world of macroeconomics: debt.

After being revealed by the Israeli newspaper Calcalist and WikiLeaks, the proposal is getting attention in the Israeli and Egyptian critical press. Tel Aviv appears to be in talks with Egyptian president Abdel Fattah al-Sisi about Egypt taking in Gazans and settling them in Sinai, in exchange for the cancellation of all its debts to the World Bank.

This could mean the Israeli government would take on the debts Egypt owes to multilateral creditors (such as the World Bank, the International Monetary Fund etc.) or that (with the support of the United States) it would convince allied Western countries to write off Egyptian debts to national institutions

Hope Egypt doesnt fall for this

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[–] came_apart_at_Kmart@hexbear.net 11 points 11 months ago

if any institution or syndicate offers to clear your debts for a favor, it's because the favor is gonna cost you far more than any imaginary lines on some ledger. and they probably expect the circumstances to unfold in a way that sends you right back into their debt.

[–] oregoncom@hexbear.net 8 points 11 months ago (1 children)

Even if they succeed they will have simoly created another Hezbollah in the South.

[–] OgdenTO@hexbear.net 3 points 11 months ago

Exactly. Does anyone really think that genociding a group and pushing them off of their generational land will somehow reduce their hatred and mollify their radicalism?

[–] GaveUp@hexbear.net 6 points 11 months ago* (last edited 11 months ago) (2 children)

What's the point of cancelling debt if accepting all these refugees will crash your economy regardless

[–] mathemachristian@hexbear.net 6 points 11 months ago (1 children)

Presumably because Egypt would still get the labor power of the refugees and not have to cede economic assets to its debtors.

[–] GaveUp@hexbear.net 5 points 11 months ago* (last edited 11 months ago)

There would have to be an investment period on any ROI

Egypt's economy is already in the gutter and I'm not sure if forgiving debt would fix it especially under Sisi

Egypt's problems don't lie with the population size or lack of physical labor

[–] Fishroot@hexbear.net 2 points 11 months ago

Buy time for sisi and co to syphon more cash from egypt to switzerland

[–] What_Religion_R_They@hexbear.net 3 points 11 months ago

Didn't Hamas reveal this info back in October as well?

[–] ElChapoDeChapo@hexbear.net 3 points 11 months ago

You know, if isntrael no longer exists then you no longer have to pay back the debt

Just saying

[–] fruityloop@hexbear.net 3 points 11 months ago

hopefully elsisi likes having his head attached to his neck more than the cancellation of debts.