On Wednesday, a spokesman for the Palestinian mission to the United Nations announced that the Palestinian peace negotiators will be resigning from their negotiations with Israel, leaving the Middle East little safer than in July when the peace talks first resumed. 

Saeb Erekat , the Chief Palestinian negotiator told Reuters TV that the announcement of new housing construction in the settlements ultimately prompted their resignation. 

"In reality, the negotiations stopped last week in light of the settlement announcements last week," he said.

Palestinian President Mahmoud Abbas, however, does not see this resignation as a serious cause for concern. 

"Either we can convince it to return, and we're trying with them, or we form a new delegation," Abbas said in an interview with Egyptian CBC television. 

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