Could an interim agreement mean a peace agreement based on what's been already negotiated, particularly borders, between the previous Israeli governments and the PA for the remaining year of 2010 - 2011, the discussions for concluding talks on the Jerusalem core issue and refugees? That's a possibility but the goal remains a year's duration for the peace talks before a declaration of a Palestinian state.
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France, U.S. target Islamic State with two strikes in Iraq (Reuters)
from the article: Obama can make peace, but mustn't force a final deal