European Union foreign policy chief Joseph Borrell said, “The West Bank is witnessing a boiling point and we may be on the verge of an even bigger explosion.”

Borrell stressed on Sunday that the situation in the West Bank occupied by Israel constitutes a major obstacle to reaching a sustainable solution that establishes peace between Israel and the Palestinians.

The number of settlers in the West Bank is about 750,000 settlers residing in more than 365 settlements and settlement outposts.

Borrell said at the Munich Security Conference that the European Union must "support the Arab initiative" which stipulates the establishment of a Palestinian state in the West Bank and Gaza Strip.

The statements of the European Union's foreign policy official come in the wake of the Israeli Prime Minister Benjamin Netanyahu's rejection of a plan for international recognition of a Palestinian state following reports about such an initiative reported by the Washington Post, which includes, according to the newspaper, a specific timetable for the establishment of a Palestinian state.