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January 13, 2013 12:38 pm

EU Reportedly Formulating New Peace Plan

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Catherine Ashton, High Representative for Foreign Affairs and Security Policy of the European Union, meets with Israeli Prime Minister Benjamin Netanyahu at Netanyahu's office in Jerusalem on October 24, 2012. Photo: Moshe Milner/GPO/FLASH90.

Times of Israel – The European Union is reportedly formulating a detailed peace plan to re-energize dormant Israeli-Palestinian negotiations.

According to Israeli diplomatic sources cited by the Israeli daily Yedioth Ahronoth, the goal of the EU plan is to bring about the establishment of an independent Palestinian state  based on the 1967 borders, with its capital in East Jerusalem. The report intends to set a clear timetable for negotiations between the two sides in 2013.

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