Palestine is already recognized by more than 120 countries. Many, including Russia and of course the 47 Muslim states, have recognized Palestine since 1988. That has not helped much. Palestine can ONLY become a member of the UN if the Security Council proposes it to the General Assembly, RULE 136. If the US vetos the proposal then Palestine cannot become a member of the UN. How do you like your eggs?
PM postpones Israel-Germany summit marking 50 years of diplomatic ties (Haaretz)
from the article: UN urges bold steps to relaunch Mideast peace talks