Israel PM unveils peace conditions

Israel's prime minister has outlined a "triple track" approach to peace with the Palestinians, a strategy that emphasises political, economic and security planks to resolve the decades-long conflict.

Benjamin Netanyahu has listed conditions for peace Benjamin Netanyahu has listed conditions for peace

Benjamin Netanyahu said his government is ready to resume peace negotiations without any delays or preconditions.

"The sooner the better", Mr Netanyahu told a convention of the American Israel Public Affairs Committee, the pro-Israel lobby in Washington.

Mr Netanyahu's brief remarks were broadcast by satellite from Jerusalem.

However, he also cautioned that Israel would never compromise its own security as it seeks peace.

Echoing remarks to the convention made earlier in the day by Shimon Peres, Israel's president, Mr Netanyahu said Iran must not be allowed to develop nuclear weapons.

Mr Netanyahu said Jews and Arabs in the Middle East share that goal and must work together to meet it.

"For the first time in my lifetime, Arabs and Jews see a common danger," he said. "There is a great challenge afoot. But that challenge also presents great opportunities."

While the Obama administration supports a two-state solution to resolve the Palestinian-Israeli conflict, Mr Netanyahu did not mention creation of a Palestinian state during his remarks.

Instead, he proposed his three-track strategy, which he called a "fresh approach" that would improve the quality of life for Palestinians while preserving Israel's security.

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