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The Palestinian Authority received Thursday more than 513 million euros in tax transfer due by Israel, a breath of fresh air for an economy undermined by unemployment. REUTERS / Mohamad Torokman

Launched in a stand-off with the Israeli government that has led to a severe financial crisis for seven months, the Palestinian Authority has finally accepted the payment of more than 500 million euros from Israel. This envelope will allow it to loosen the grip as the austerity measures multiply and the very future of the Palestinian Authority seems threatened.

With our correspondent in Jerusalem, Guilhem Delteil

Since February, the Palestinian Authority has lost 65 percent of its revenues - taxes levied by Israel on its behalf. The government of Benyamin Netanyahu has deducted from this sum the amount of pensions paid to the families of the perpetrators of attacks against Israelis . In response, denouncing an illegal maneuver, the Palestinian Authority refused to receive any taxes from Israel.

Finally, after negotiations that he considered " exhausting ", the Palestinian Minister of Civil Affairs announced a first agreement: the Palestinian Authority is exempted from the tax on oil imports. And the measure is retroactive over the last seven months. Israel must pay him 513 million euros.

The head of the Palestinian government has also announced the next payment of 110% of civil servant salaries. Since February, they were cut by 50%. The measure is a little catching up to extinguish a growing grumbling a few days back to school. But the financial crisis " is not over, " warns its Minister of Civil Affairs, the Palestinian Authority still claims " millions of euros " held by Israel.

► See also: Palestinian Authority: alarming UN report on the financial situation