The following are excerpts from President Bill Clinton's autobiography, "My Life," published in 2005.

... December 23, was a fateful day for the Middle East peace process. After the two sides had been negotiating again for several days at Bolling Air Force Base, my team and I became convinced that unless we narrowed the range of debate, in effect forcing the big compromises up front, there would never be an agreement. Arafat was afraid of being criticized by other Arab leaders; Barak was losing ground to Sharon at home. So I brought the Palestinian and Israeli teams into the Cabinet Room and read them my “parameters” for proceeding. These were developed after extensive private talks with the parties separately since Camp David. If they accepted the parameters within four days, we would go forward. If not, we were through.

I read them slowly so that both sides could take careful notes. On territory, I recommended 94 to 96 percent of the West Bank for the Palestinians with a land swap from Israel of 1 to 3 percent, and an understanding that the land kept by Israel would include 80 percent of the settlers in blocs. On security, I said Israeli forces should withdraw over a three-year period while an international force would be gradually introduced, with the understanding that a small Israeli presence in the Jordan Valley could remain for another three years under the authority of the international forces. The Israelis would also be able to maintain their early-warning station in the West Bank with a Palestinian liaison presence. In the event of an “imminent and demonstrable threat to Israel’s security,” there would be provision for emergency deployments in the West Bank.

The new state of Palestine would be “nonmilitarized,” but would have a strong security force; sovereignty over its airspace, with special arrangement to meet Israeli training and operational needs; and an international force for border security and deterrence.

On Jerusalem, I recommended that the Arab neighborhoods be in Palestine and the Jewish neighborhoods in Israel, and that the Palestinians should have sovereignty over the Temple Mount/Haram and the Israelis sovereignty over the Western Wall and the “holy space” of which it is a part with no excavation around the wall or under the Mount at least without mutual consent.

On refugees, I said that the new state of Palestine should be the homeland for refugees displaced in the 1948 war and afterward, without ruling out the possibility that Israel would accept some to the refugees according to its own laws and sovereign decisions, giving priority to the refugee population sin Lebanon. I recommended an international effort to compensate refugees and assist them in finding houses in the new state of Palestine, in the land-swap areas to be transferred to Palestine, in their current host countries, in other willing nations, or in Israel. Both parties should agree that this solution would satisfy United Nations Resolution 194.

Finally, the agreement had to clearly mark the end of the conflict and put an end to all violence. I suggested a new UN resolution saying that this agreement, along with the final release of Palestinian prisoners, would fulfill the requirements of resolutions 242 and 338.

I said these parameters were nonnegotiable and were the best I could do, and I wanted the parties to negotiate a final status agreement within them. After I left, Dennis Ross and other members of our team stayed behind to clarify any misunderstanding, but they refused to hear complaints. I knew the plan was tough for both parties, but it was time – past time – to put up or shut up. The Palestinians would give up the absolute right of return; they had always known they would have to, but they never wanted to admit it. The Israelis would give up East Jerusalem and parts of the Old City, but their religious and cultural sites would be preserved; it had been evident for some time that for peace to come, they would have to do that. The Israelis would also give up a little more of the West Bank and probably a larger land swap than Barak’s last best offer, but they would keep enough to hold at least 80 percent of the settlers. And they would get a formal end to the conflict. It was a hard deal, but if they wanted peace, I thought it was fair to both sides

Arafat immediately began to equivocate, asking for “clarifications.” But the parameters were clear; either he would negotiate within them or not. As always, he was playing for more time. I called Mubarak and read him the points. He said they were historic and he could encourage Arafat to accept them.

On the twenty-seventh, Barak’s cabinet endorsed the parameters with reservations, but all their reservations were within the parameters, and therefore subject to negotiations anyway. It was historic: an Israeli government had said that to get peace, there would be a Palestinian state in roughly 97% of the West Bank, counting the swap, and all of Gaza where Israel also had settlements. The ball was in Arafat’s court.

I was calling other Arab leaders daily to urge them to pressure Arafat to say yes. They were all impressed with Israel’s acceptance and told me they believed Arafat should take the deal. I have no way of knowing what they told him, though the Saudi ambassador, Prince Bandar, later told me he and Crown Price Abdullah had the distinct impression Arafat was going to accept the parameters.

On the twenty-ninth, Dennis Ross met with Abu Ala, whom we all respected, to make sure Arafat understood the consequences of rejection. I would be gone. Ross would be gone. Barak would lose the upcoming election to Sharon. Bush wouldn’t want to jump in after I had invested so much and failed.

I still didn’t believe Arafat would make such a colossal mistake.

...

We passed up the Renaissance Weekend again that year so that our family could spend the last New Year’s at Camp David. I still hadn’t heard from Arafat. On New Year’s Day, I invited him to the White House the next day. Before he came, he received Prince Bandar and the Egyptian ambassador at his hotel. One of Arafat’s younger aides told us that they had pushed him hard to say yes. When Arafat came to see me, he asked a lot of questions about my proposal. He wanted Israel to have the Wailing Wall, because of its religious significance, but asserted that the remaining fifty feet of the Western Wall should go to the Palestinians. I told him he was wrong, that Israel should have the entire wall to protect itself from someone using one entrance of the tunnel that ran beneath the wall from damaging the remains of the temples beneath the Haram. The Old City has four quarters: Jewish, Muslim Christian, and Armenian. It was assumed that Palestine would get the Muslim and Christian quarters, with Israel getting the other two. Arafat argued that he should have a few blocks of the Armenian quarter because of the Christian churches there. I couldn’t believe he was talking to me about this.

Arafat was also trying to wiggle out of giving up the right of return. He knew he had to but was afraid of the criticism he would get. I reminded him that Israel had promised to take some of the refugees from Lebanon whose families had lived in what was now northern Israel for hundreds of years, but that no Israeli leader would ever let in so many Palestinians that the Jewish character of the state could be threatened in a few decades by the higher Palestinian birthrate. There were not going to be two majority-Arab states in the Holy Land; Arafat had acknowledged that by signing the 1993 peace agreement with its implicit two-state solution. Besides, the agreement had to be approved by Israeli citizens in a referendum. The right of return was a deal breaker. I wouldn’t think of asking h Israelis to vote for it. On the other hand, I thought the Israelis would vote for a final settlement within the parameters I had laid out. If there was an agreement, I even thought Barak might be able to come back and win the election, thought he was running well behind Sharon in the polls, in an electorate frightened by the intifada and angered by Arafat’s refusal to make peace.

At times Arafat seemed confused, not wholly in command of the facts. I had felt for some time that he might not be at the top of his game any longer, after all the years of spending the night in different places to dodge assassins’ bullets, all the countless hours on airplanes, all the endless hours of tension-filled talks. Perhaps he simply couldn’t make the final jump from revolutionary to statesman. He had grown used to flying from place to place, giving mother-of-pearl gifts made by Palestinian craftsmen to world leaders and appearing on television with them. It would be different if the end of violence took Palestine out of the headlines and instead he had to worry about providing jobs, schools, and basic services. Most of the young people on Arafat’s team wanted him to take the deal. I believe Abu Ala and Abu Mazen also would have agreed but didn’t want to be at odds with Arafat.

...

When he left, I still had no idea what Arafat was going to do. His body language said no, but the deal was so good I couldn’t believe anyone would be foolish enough to let it go. Barak wanted me to come to the region, but I wanted Arafat to say yes to the Israelis on the big issues embodied in my parameters first. In December the parties had met at Bolling Air Force Base for talks that didn’t succeed because Arafat wouldn’t accept the parameters that were hard for him.

Finally, Arafat agreed to see Shimon Peres on the thirteenth after Peres had first met with Saeb Erekat. Nothing came of it. As a backstop, the Israelis tried to produce a letter with as much agreement on the parameter as possible, on the assumption that Barak would lose the election and at least both sides would be bound to a course that could lead to an agreement. Arafat wouldn’t even do that, because he didn’t want to be seen conceding anything. The parties continued their talks in Taba, Egypt. They got close, but did not succeed. Arafat never said no; he just couldn’t bring himself to say yes. Pride goeth before the fall.

Right before I left office, Arafat, in one of our last conversations, thanked me for all my efforts and told me what a great man I was. “Mr. Chairman,” I replied, “I am not a great man. I am a failure, and you have made me one.” I warned Arafat that he was single-handedly electing Sharon and that he would reap the whirlwind.

In February 2001, Ariel Sharon would be elected prime minister in a landslide. The Israelis had decided that if Arafat wouldn’t take my offer he wouldn’t take anything, and that if they had no partner for peace, it was better to be led by the most aggressive, intransigent leader available. Sharon would take a hard line toward Arafat and would be supported in doing so by Ehud Barak and the United States. Nearly a year after I left office, Arafat said he was ready to negotiate on the basis of the parameters I had presented. Apparently, Arafat had thought the time to decide, five minutes to midnight, had finally come. His watch had been broken a long time.

Arafat’s rejection of my proposal after Barak accepted it was an error of historic proportions. However, many Palestinians and Israelis are still committed to peace. Someday peace will come, and when it does, the final agreement will look a lot like the proposals that came out of Camp David and the six long months that followed.

...

Later that night in New York City, I spoke to the pro-peace Israel Policy Forum. At the time we still had some hope of making peace. Arafat had said he accepted the parameters with reservations. The problem was that his reservations, unlike Israel’s, were outside the parameters, at least on refugees and the Western Wall, but I treated the acceptance as if it were real, based on his pledge to make peace before I left office.

Sources: Clinton, Bill. “My Life.” Vintage (2005). pp. 936-946.

Bill Clinton Administration: Reflections on the 2000 Camp David Summit