The mounting cost of war for both Palestinians and Israel

France has joined several of its European peers in formally recognising a Palestinian state. At a world summit in New York on Monday, French President Emmanuel Macron called on the world to do everything it could to preserve the possibility of a two-state solution and outlined a framework for a "renewed Palestinian Authority". Nearly two years since it began, the war in Gaza has devastated the livelihoods of Palestinians but also dealt a serious blow to Israel's economy. 

Sep 23, 2025 - 13:00
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The mounting cost of war for both Palestinians and Israel
France has joined several of its European peers in formally recognising a Palestinian state. At a world summit in New York on Monday, French President Emmanuel Macron called on the world to do everything it could to preserve the possibility of a two-state solution and outlined a framework for a "renewed Palestinian Authority". Nearly two years since it began, the war in Gaza has devastated the livelihoods of Palestinians but also dealt a serious blow to Israel's economy. 
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