The Palestinian Authority is on the verge of bankruptcy because of the severe financial crisis it has been facing over the past two years, PA Prime Minister Salam Fayyad said Tuesday, January 8, The Jerusalem Post reported. He said he did not rule out the possibility that Palestinians would once again take to the streets to protest against economic hardships, as was the case in September 2012. Fayyad said the crisis began two-and-a-half years ago because of lack of funding from donor countries. He pointed out that international aid to the PA dropped from $1.8 billion in 2008 to $1 billion in 2011. Fayyad said he had no explanation as to why the Arab countries were refusing to fulfill their promise to give the PA $100 million in accordance with the recent decision of the Arab League.