The Palestinian campaign to secure full UN membership presents a greater threat to Israel than that posed by Hamas, the Israeli finance minister said on Wednesday.
"This Palestinian initiative represents a more serious threat than that posed by Hamas," Yuval Steinitz told Israel's public radio, referring to Gaza's Islamist rulers whose founding charter calls for the destruction of the Jewish state.
If the Palestinians made good on their plans to seek United Nations membership, Israel would "respond," he promised.
Although Steinitz did not spell out exactly how Israel would retaliate, his remarks were made shortly after Haaretz newspaper published a report saying the minister had blocked the payment of 380 million shekels ($106 million, 73 million euros) in tax revenues to the Palestinian Authority.
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http://www.rawstory.com/rs/2011/08/31/israel-sees-palestinian-statehood-bid-a-greater-threat-than-hamas/