Free Republic

A Palestinian court sentenced an American-Palestinian on Monday to life imprisonment for violating a ban on selling land to Israelis, judiciary officials said. The U.S. ambassador to Israel, David Friedman, called in November for dual national Issam Akel to be released, saying his suspected crime was “selling land to a Jew” and his incarceration violated American values. Akel was accused of attempting to sell a property in Israeli-occupied East Jerusalem without the permission of his business partners or Palestinian authorities. Palestinian officials have not publicly identified the intended buyer. The Higher Offences Court in Ramallah, in the occupied West Bank,...

The Eurogroup reached on Friday night an unprecedented decision for bailing out Cyprus that dictates a haircut on all bank accounts on the island’s banks with immediate effect, while cash withdrawals are not allowed for the time being, generating unrest. Along with loans adding up to 10 billion euros from the European Support Mechanism, Cyprus will have to find another 7-7.5 billion euros from privatizations and from a 6.75 percent one-off haircut on all bank accounts with a balance up to 100,000 euros, rising to 9.9 percent on accounts exceeding 100,000 euros. Already bank customers are gathering outside major and...