As the Settlements are ILLEGAL under int'l law, this action will only further turn the rest of the world against Israel. The nation is working very hard to make itself an international pariah (with the exception of the US, which is wrapped around the Israeli govts finger). If more construction is approved, there will be no renewal of negotiations, there will be a General Assembly vote on Palestinian Independence, and Israel will be occupying a fellow UN member. It wouldnt take much to avoid such events, but if concessions arent made it WILL come to that.
5 wounded Syrians rushed to northern Israeli hospital (Haaretz)
from the article: U.S. 'deeply concerned' about Israel settlement expansion