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UN votes to back Palestinian membership, prompting Israeli envoy to shred charter
(www.theguardian.com)
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I agree with you. To me, a two-state solution seems much more plausible, and even if there should be one state, it shouldn't be Israel or Palestine but something of a new name with equal representation of both sides. Because otherwise Israeli leaders will do everything in their power to erode the power of Palestinians and then there will be a scenario you describe further.