EU warns Israel, Palestinians of the cost of peace failure

Both sides of Israeli-Palestinian peace talks risk paying a high price in losing European Union ‎trade and aid if negotiations collapse, the EU ambassador to Israel said on Wednesday.

‎ For long seen as a "payer not a player" in the region, the European Union has started making ‎clear that its role as Israel's biggest trade partner and the Palestinians' largest donor should not ‎be taken for granted.

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