The New Nation - Internet Edition

AFP, Jerusalem

Israeli Prime Minister Ehud Olmert said he may be able to make peace with the Palestinians by the end of 2008 as the United States vowed to defend Israel's security during the difficult process.

"If we act decisively together, we and the Palestinians, there is a chance for us to reach real achievements, maybe even before the end of President (George W.) Bush's term," he said at the Saban Forum think-tank in Jerusalem.

"There is no intention to drag out the negotiations without end. There is no reason to again hit the foot-dragging that characterised our talks in the past," the premier said.

Israel and the Palestinians have been engaged in intensive talks in an effort to draft a joint statement outlining a solution to the decades-old conflict ahead of a meeting in Annapolis, Maryland expected later this year.

The two sides plan to launch intensive bilateral talks on a permanent agreement following the international meeting, aimed at reviving a peace process that has been dormant for seven years.