Israeli history's definitive rewrite - Eureka Street: "For the Israelis, the key contemporary factor was the still-recent Holocaust and the realistic fear that the Palestinians and/or the Arab States could perpetrate a similar massacre in the Middle East. Although they were successful in the war, they suffered 5700 dead (constituting one per cent of the Jewish population) and over 12,000 seriously wounded.
The Israeli consensus was that the Palestinians became refugees only because of the war they and their Arab allies had initiated, and therefore the blame lay with those who had caused the conflict.
For the Palestinians, the principal and understandable concern was that the creation of a Jewish State would lead to their dispossession and exile. They saw the war as an act of self-defence to protect their national inheritance. But the war resulted in the destruction of their society and the exile of much of their population. They continue to see the events of 1948 as an injustice that requires some form of reparation."