Netanyahu, Abbas Agree: Avoid a Third Palestinian Intifada

  • Declining support means escalation could cost both politically
  • Unrest weighs on investors as Israeli stocks, bonds drop

A Palestinian protester uses a slingshot to throw stones during clashes with Israeli security forces in the occupied West Bank, on Oct. 9.

Photographer: Abbas Momani/AFP/Getty Images
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With peace efforts mothballed and no love lost between them, Palestinian leader Mahmoud Abbas and Israeli premier Benjamin Netanyahu agree at least on one thing: Neither wants the current wave of violence to turn into a third Palestinian uprising.

Both men say they’re trying to halt the daily toll of dead and wounded in Israel and the Palestinian territories. While analysts minimize the prospects of an uprising on the scale of those that convulsed the region in 1987 and 2000, events could spin out of control.