EU flags in front of the European Commission building in Brussels. Photo: Amio Cajander via Wikimedia Commons.

JNS.org – The European Union is set to vote on a massive aid package to the Israelis and Palestinians as an incentive for both sides to reach a final-status peace deal.

The package—spearheaded by the foreign ministers of Germany, U.K., France, Spain, and Italy—is reportedly worth billions of euros and would include incentives such as increased access to the EU market, closer cultural and scientific ties, facilitation of trade and investment, promotion of business-to-business relations, enhanced political dialogue, and security cooperation, Haaretz reported.

But according to Maariv, the EU’s resolution on the package also called Jewish construction in the West Bank and eastern Jerusalem an “obstacle to peace” and expressed “deep concern with regard to incitement, violent incidents in the occupied territories, house demolitions and the deteriorating humanitarian situation in Gaza.”