If the Pals are to go that far, it would mean they renounce any claim on Israeli land. That is a little one-sided, as there is a veritable army of right wing Jews claiming Palestine land on the basis on biblical beliefs. So recognition of Israel as a Jewish homeland would need to be met by a quid pro quo from Israel: Israel in return forever renounces any claims to land within the borders of the new state of Palestine. Fair's fair. But expect to hear many Israelis holler. It may help them to understand how others feel about the 'Jewish State' business.
Ex-FM Lieberman: Firebomb attack in Jerusalem a reminder that norm is Arab terror against Jews (Haar
from the article: A Palestinian peace plan Israelis can live with