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February 18, 1994 - Image 64

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-02-18

Disclaimer: Computer generated plain text may have errors. Read more about this.

12 MONTH CERTIFICATE

3.500%
3.550%

INTEREST
RATE

A.P.Y. /*

24 MONTH CERTIFICATE

4.000% I I I " ELS T
4.060°/o

A P Y /'IC

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These are fixed rate
certificates of deposit
that are insured by
the Federal Deposit
Insurance Corporation
(FDIC). A minimum
opening deposit and
balance of S500.00
is required to obtain
the stated A.P.Y.

.

INIEREST

60 MONTH CERTIFICATE

5.000Wo
5.090 %

First
Rate
Rates.

Shimon Peres and Yassir Arafat met in Cairo.

Call 338-7700
352-7700

Israel•PLO Accord
Advances Self-Rule

RATE

APY/*f

FIRST SECURITY

Savim is RANI
First in Setoce -

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Bloomfield Hills Mi

* Annual percentage yield when compounded quarterly. Rate is accurate as of 2/18/94.

EQUAL 1101JSMI,

Penalty for early withdrawal from certificate accounts may be assessed.

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Jerusalem (JTA) — The
long-awaited agreement
reached in Cairo last week
by Israeli Foreign Minister
Shimon Peres and Palestine
Liberation Organization
Chairman Yassir Arafat has
pushed Palestinian self-rule
a crucial step closer to real-
ity.
It has also provided at
least some positive response
to the key questions long
hanging over the peace pro-
cess: Can the PLO be
trusted? And can it deliver?
The document hammered
out in Cairo after weeks and
months of frustrating, nit-
picking negotiations on the
security-related aspects of
the Gaza-Jericho accord
plainly does not yet give a
reliable answer to those twin
questions.
But it does offer some
hope. And that, over and
above the specific issues that
have at last been agreed
upon, is the major
significance of the Cairo
agreement.
Details of the accord were
not announced, but Mr.
Arafat and Mr. Peres signed
the document amid loud ap-
plause at the palace of Egyp-
tian President Hosni Muba-
rak after two days of talks.
Then the two leaders shook
hands.
Israeli and PLO
negotiators began trying to
work out the implementa-
tion of the Declaration of
Principles since it was
signed by the two sides last
September.
Cairo was the venue for
the talks on several occa-
sions, as were a string of Eu-
ropean cities. Each time, the
two sides looked close to

agreement, only to pull back
at the last moment.
That, in itself, attests to
the seriousness on both
sides. An agreement too
quickly and too easily reach-
ed would have raised the
suspicion that the
signatories did not truly in-
tend to honor it.
Israeli negotiators, led at
Cairo and at several
previous rounds by Peres,
privately spoke disparaging-
ly of the PLO side. The
Israelis groused over
internecine backbiting
within the PLO leadership
and negotiating team.
The PLO negotiators, for
their part, poked fun at Mr.
Peres for his inability to

Police and civilian
officials will take
over the running of
parts of the
disputed land.

make decisions without re-
ferring back at every twist
and turn of the talks to
Prime Minister Yitzhak
Rabin for instructions.
But beneath the mutual
mudslinging, a certain
mutual respect has evolved,
and will percolate through
the two nations.
Hard bargainers ought to
make serious and honorable
implementors: This is the
reasoning to be heard in
both camps as the exhausted
negotiators head for their
beds.
The real test, of course,
will be the implementation.
The agreement constitutes

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