Well, the Sunday Times just reported that according to a recent report of the European Court of Auditors, a Luxembourg-based watchdog, more than $3 billion dollars (or 2 billion Euros) of European aid given to the Palestinian Authority between 2008 and 2012 "may have been misspent, squandered or lost to corruption."
The auditor report further stated there were "significant shortcomings" in the management of funds sent to "Gaza and the West Bank". Also, the auditors "complained about the lack of measures to mitigate ‘high-level’ risks, such as "corruption" or funds not being used for their" designated purpose.
But it gets richer (or poorer in this case.). Just this week, Palestinian "President" Mahmoud Abbas blamed the "Israeli occupation" for his not having enough money to pay his government's 150,000 Palestinian Arab "employees". The Palestinian Authority's 2013 budget was expected to reach $1.4 billion.