No its not, peace is achieved by direct negotiations not through singling out one side. Peace negotiations between Israelis and Palestinians is where borders should be decided not by the EU. You don't support a peace process by trying to prejudge conclusions and singling out one side. I am sure this is not what the EU wants, but this is what it could cause.
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Preliminary U.K. election results: Labour to lose 43 seats in local, regional elections (Reuters)
from the article: Why Jewish communities in Europe need to step up to the EU challenge