URGENT ¥¥¥ Abbas welcomes Obama peace speech: Palestinian negotiator

Palestinian president Mahmud Abbas on Thursday welcomed a speech to young Israelis in which US President Barack Obama appealed for a two-state peace with the Palestinians, a senior Palestinian official said.

"President Abbas welcomed President Obama's speech in Jerusalem saying that achieving peace and the option of two states on the 1967 borders are the way to bring security for the Israeli and Palestinian peoples," peace negotiator Saeb Erakat told AFP.