The Palestinians claim all of the West Bank, as well as Gaza and East Jerusalem, for a future Palestinian state, although they have expressed readiness for minor border adjustments in return for commensurate swaps of land.
Unlike Mr Obama's two predecessors, George Bush and Bill Clinton, the president said that building should stop even in the suburbs of East Jerusalem and in the West Bank settlement blocks that are likely to become parts of Israel under a peace treaty, in return for land swaps to compensate the Palestinians.The size of those blocks and how Jerusalem might be shared has never been determined.
Palestinian negotiators therefore agreed that Israel would retain some of the bigger ones, in return for compensating land swaps.
Most informal plans assume that Israel would get a variation of the pre-1967 lines to bring the big settlement blocs into Israel in return for a land swap that would give the Palestinians 22 per cent of historic Palestine.
A new monthly market run by the city government takes paper, glass, plastic and aluminium in return for tokens that can be swapped for locally grown food and plants.
A two-state solution envisages a Palestinian state on most of the West Bank and Gaza Strip, lands Israel captured in a 1967 war, and an Israeli state that absorbs some of the settlements Israel built on occupied land in return for mutually agreed land swaps.
Spreads between its ten-year bonds and German Bunds hit another euro-era high this week (see chart).Hence talk this week of giving Bankia Spanish sovereign bonds in return for equity, which it could then swap for cash from the European Central Bank.
And the country's debt-ridden companies should on the whole be selling equity, not buying it.Banks are also raising their stakes in their most troubled borrowers, via debt-for-equity swaps, in return for tepid restructuring schemes.
Sutherland said the board had considered all the options and agreed to commit £1bn of the Co-op group's funds to cover bad debts in return for a debt for equity swap by bondholders.
However she warns that on a couple of occasions she agreed to a skills swap in return for free advice, only for the reciprocal services to disappear once her side of the deal was completed.
