The Palestinians want to unilaterally declare a state for themselves. They of course want to have some of Israel for themselves. Well this land was gifted to the Jews by God in antiquity forever. However, it is predicted in the bible that this will happen and that the nations who divide his land are going to be judged!
http://news.bbc.co.uk/2/hi/middle_east/7254434.stm
"FOR BEHOLD, in those days and at that time when I shall reverse the captivity and restore the fortunes of Judah and Jerusalem, I will gather all nations and will bring them down into the Valley of Jehoshaphat, and there will I deal with and execute judgment upon them for their treatment of My people and of My heritage Israel, whom they have scattered among the nations and because they have divided My land." [Joel 3:1-2; Parallel Bible, KJV/Amplified Bible Commentary]
Lets hope we are not on the wrong side of the judgment! Repent and believe!
