Originally published by the Voice of America (www.voanews.com). Voice of America is funded by the US Federal Government and content it exclusively produces is in the public domain. February 8, 2009 Israel Considers Egyptian Truce Proposal for Gaza ------------------------------------------------- http://enews.voanews.com/t?ctl=222682C:A6F02AD83191E160694418D9AF0A89013CF5CDEF8FC051DA& Plan includes 18-month cease-fire, prisoner swap for a captive Israeli soldier and opening of at least two border crossings into Gaza, easing a crippling blockade Three weeks after the end of the war in the Gaza Strip, there are reports of progress on a long-term cease-fire. Egyptian President Hosni Mubarak (R) shakes hands with Israeli Defence Minister Ehud Barak (file)Israel's Cabinet discussed a three-stage Gaza truce proposal mediated by Egypt. It includes an 18-month cease-fire and a prisoner swap for a captive Israeli soldier held for more than two years by the Islamic militant group Hamas that rules Gaza. Israel and Egypt would open at least two border crossings into Gaza, easing a crippling blockade. Israel has signaled that is now prepared to pay a higher price for the captive soldier, Gilad Shalit. "The effort to free Gilad Shalit is a supreme effort," said Defense Minister Ehud Barak. Israeli and Arab media reports say Israel is willing to trade Shalit for a thousand Palestinian prisoners, including top militants responsible for deadly suicide bombings. But Prime Minister Ehud Olmert denied it. These reports are "exaggerated! and harmful," Mr. Olmert said, adding that when there is a deal he will reveal it to the public. Senior Hamas leader Mahmud Zahar (l) and top Hamas official Said Siam (r) return from Egypt at the border at Rafah, southern Gaza Strip, 02 Feb 2009A Hamas delegation, led by a top Gaza official, is in Egypt for talks on a long-term cease-fire with Israel. Senior Hamas official Mahmoud al-Zahar was asked by reporters if there has been progress on a prisoner exchange. He responded that all the reports on the possible release of Shalit were part of what he called "Israeli election propaganda." National elections take place on Tuesday, and movement on a prisoner swap could boost the chances of two candidates for prime minister, Foreign Minister Tzipi Livni and Defense Minister Ehud Barak. Final polls show both of them trailing hawkish former Prime Minister Benjamin Netanyahu, with Livni running a close second and Barak a distant third. Livni and Barak support the creation of a Palestinian state; Netanyahu does not. .