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| Gaza banks on brink of collapse December 6, 2008 The World Bank urged Israel on Saturday to allow cash into the Gaza Strip to pay the wages of civil servants, warning that the liquidity crisis could bring down the besieged territory's banking system. Israel imposed a blockade on the Gaza Strip after the Islamist takeover and further tightened the sanctions on November 5 following a flare-up in violence, raising international concerns of a severe food shortage. [1] |
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