I ANALYSIS I

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SEIKO WATCHES & CLOCKS
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Israel's Bluff?

Continued from Page 1

Jewelers

Good thru 9/2/88

3000

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Southfield, Michigan

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18

FRIDAY, AUGUST 26, 1988

Member NASD and SIPC
This is neither an offer to sell nor a solicitation of an
offer to buy securities. The offer is made only by the
prospectus which may be obtained in any state wherein
the underwriter may lawfully offer the securities.

FIRMLY ROOTED IN ISRAEL,
BRANCHING OUT IN NEW DIRECTIONS

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the media by Israeli security
forces, apparently at the in-
stigation of officials in the
Prime Minister's Office.
The leak was intended to
discredit the activist, Faisal
Husseini, and to justify the
decision to once again place
him under administrative ar-
rest (an Israeli euphemism for
detention without trial).
More recently, Salah
Khalaf (Abu Iyad), the PLO's
intelligence - chief who is
regarded as Arafat's No. 2,
called for the creation of a
provisional Palestinian gov-
ernment. He also spoke of
mutual recognition between
Israel and the PLO and he
hinted at the need to revise
that part of the Palestine
National Covenant which ad-
vocates the destruction of
Israel.
While these new postures
have not been supported by
resolutions and firm declara-
tions, the PLO "dissidents"
have thrown down a
challenge which has caught
Israel's political leaders with
their collective pants down.
The received wisdom in
Israel over the past two
decades is that anything in-
volving the creation of an in-
dependent Palestinian state
is equated with the destruc-
tion of Israel.
Nor was this perception
without some solid basis: The
PLO has consistently rejected
Washington's entreaties to re-
nounce terrorism and accept
UN Security Council resolu-
tions 242 and 338 (which im-
plicitly acknowledge Israel's
right to exist), as a precondi-
tion for respectability.
Instead, its uncompromis-
ing, unyielding demand was
for the total destruction of the
Jewish state, to be replaced by
a full- blown Palestinian state
(the prefix "secular,
democratic" was dropped
after the rise of Islamic fun-
damentalism 10 years ago).
So effectively have suc-
cessive Israeli leaders
demonized the PLO that
neither of the major political
blocs is prepared to even con-
sider talking to the PLO. In-
deed, such willingess would
be tantamount to political
suicide for any mainstream
Israeli leader.
The latest PLO initiatives
have, therefore, sent Prime
Minister Yitzhak Shamir and
Foreign Minister Shimon
Peres— facing a general elec-
tion in less than three
months—scurrying for cover.
They will be even more em-
barrassed if, as is now
speculated, Arafat himself
chooses a suitably public plat-
form in the coming weeks—
the United Nations General
Assembly or the upcoming

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