Explainer-What would wider recognition of Palestine mean for Palestinians and Israel?

(Reuters) -Major European powers have said they could recognise an independent Palestinian state in coming weeks. What would that mean for the Palestinians and Israel?

WHAT IS THE STATUS OF PALESTINIAN STATEHOOD NOW?

The Palestine Liberation Organization declared the independence of a Palestinian state in 1988, and most countries in the global South quickly recognised it. Today, 147 of the 193 member states of the United Nations have recognised a Palestinian state, most recently Mexico in…