SECRETARY KERRY: Well, Mr. Ambassador, I am willing to take risks, but I’m not willing to hang myself here. (Laughter.) So I’m not going to tell you how optimistic I am. I’m going to tell you that I’m hopeful. I believe in the possibility or I wouldn’t pursue this. President Obama believes in the possibility. I don’t think we’re being quixotic and un – I’m a little surprised by some of the articles that tend to write about an obsession or a fanatical effort to try to achieve this, et cetera. We’re just working hard. We’re working hard because the consequences of failure are unacceptable.

I mean, I want you all to think about it. Ask yourselves a simple question: What happens if we can’t find a way forward? Is Fatah going to be stronger? Will Abu Mazen be strengthened? Will this man who has been committed to a peaceful process for these last years be able to hold on if it fails? What is the argument for holding on? Are we going to then see militancy? Will we then see violence? Will we then see transformation? What comes afterwards? Nobody can answer that question with any kind of comfort.

By the same token, for our friends, I see good Minister Tzipi Livni here, who has been absolutely spectacular in this process, committed to it. Prime Minister Netanyahu has taken very tough decisions to move this down the road, very tough decisions, as has President Abbas, who had the right to go to the United Nations and has foresworn it in an effort to try to keep at the table and keep the process moving.

For Israel, the stakes are also enormously high. Do they want a failure that then begs whatever may come in the form of a response from disappointed Palestinians and the Arab community? What happens to the Arab Peace Initiative if this fails? Does it disappear? What happens for Israel’s capacity to be the Israel it is today – a democratic state with the particular special Jewish character that is a central part of the narrative and of the future? What happens to that when you have a bi-national structure and people demanding rights on different terms?

So I think if you – and I’m only just scratching the surface in talking about the possibilities, and I’ve learned not to go too deep in them because it gets misinterpreted that I’m somehow suggesting, “Do this or else,” or something. I’m not. We all have a powerful, powerful interest in resolving this conflict. Everywhere I go in the world, wherever I go – I promise you, no exaggeration, the Far East, Africa, Latin America – one of the first questions out of the mouths of a foreign minister or a prime minister or a president is, “Can’t you guys do something to help bring an end to this conflict between Palestinians and Israelis?” Indonesia – people care about it because it’s become either in some places an excuse or in other places an organizing principle for efforts that can be very troubling in certain places. I believe that – and you see for Israel there’s an increasing de-legitimization campaign that has been building up. People are very sensitive to it. There are talk of boycotts and other kinds of things. Are we all going to be better with all of that?