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 Palestinian State (proposed)Palestinian Authority Marks 19th Oslo Accords Anniversary with Economic TroublesSeptember 2012 marked the 19th anniversary of the Oslo Peace Accords, an agreement that gave Palestinians self-rule with limits. The Oslo Accords were meant as a temporary, five-year arrangement where the Palestinian Authority would begin the process of establishing a Palestinian state. The arrangement outlines limits and procedures for economic and security measures between Israel and Palestine. However, those limitations threatened the future of the Palestinian Authority in the fall of 2012. The main issue was the economy. The authority needed $400 million in aid to help with their 2012 budget. Protests in Palestine increased throughout 2012 over the rising cost of living and fuel price increases. A lot of the protests were aimed at Palestinian Authority Prime Minister Salam Fayyad. "We are doing the best we can, and we have been all along," said Fayyad in response to the protests.
September 2012 also marked the one year anniversary of Palestine's failure to win membership to the United Nations via the Security Council. The Palestinians returned to the U.N. General Assembly in late September 2012 to seek status as a nonmember state.
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