Abbas has been checkmated by Bibi. Abbas has been boxed in. If he agrees to direct talks he will be labeled as a traitor by his own people. If he refuses the reluctant Obama administration will have to take up his frustration with with him and not Bibi. This is practically identical to what Bill Clinton eventually found with Arafat when he failed to produce a counteroffer to Barak thereby killing the 2000 Camp David peace initiative. Clinton said to Arafat then: "stop wasting my time". Now, different players, the same play.
Spain investigating ex-IMF chief Rato for fraud (Reuters)
from the article: U.S. presses Abbas to resume direct peace talks with Israel