For sure it's another peace initiative designed in Israel's favor, where they get to keep all their illegal settlements, and the Palestinians get nothing but barren desert in exchange. Unilateral recognition of Palestinian statehood in the UN is by far the better option than acceding to the demands of Israeli's American and EU sycophants, who promise everything and deliver nothing.
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Mideast "quartet" will prepare report on peace prospects, resumption of talks (AP)
from the article: EU pushing peace plan based on Obama's '1967 borders' speech