Based on 1967 borders with agreed upon land swaps. Also the status of Jerusalem and the right of return must be negotiated. Finally there was no mention of the need to recognize Israel as a Jewish state or that "terrorist"entity called Hamas. Very significant omissions by Obama and a poke in the eye for Netanyahu. The saga continues with none knowing the ending.
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Saudi Arabia to execute more than 50 convicted of terrorism, local media say (Reuters)
from the article: Netanyahu to Obama: Palestinian UN bid will not succeed