SNAP ANALYSIS: Abbas seen gambling as peace talks elusive

RAMALLAH, West Bank (Reuters) - Palestinian President Mahmoud Abbas's announcement on Thursday that he did not want to stand for re-election in January could be a tactic rather than a serious declaration of intent -- though he flatly denies that.

Abbas, his political strategy long based on negotiating the creation of a Palestinian state, felt betrayed and embarrassed this week when the United States appeared to soften its position on Israeli settlement in the West Bank, part of the territories in which the Palestinians want to establish their state.

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