"Following is the full text of President Mahmoud Abbas’ speech at the first Arab League-European Union summit: [...]
At this time Israel is stifling the fundamentals of Palestinian economy using means that violate the agreements signed between us. The latest of these measures was the Israeli decision to deduct from the Palestinian clearance funds, an act that is considered a piracy of the Palestinian people's money. We categorically refuse the Israeli measure and we also refused to receive the remaining funds after the deduction. This will have catastrophic consequences on the life of the Palestinian people."
Click "full article" for more information