What will the Europeans do about this?

Haaretz reports that French prosecutors are investigating whether Palestinian Authority funds were diverted to the personal account Yasser Arafat’s wife, Suha. According to Haaretz, “an International Monetary Fund report on Palestinian Authority accounts between 1997 and 2003 found that some $900 million in PA funds, some of them contributed by donor nations, had been diverted by PA officials to accounts overseas. A hefty chunk of these funds, around $10 million, had reportedly been transferred to accounts owned by Suha Arafat in Paris. She allegedly used hundreds of thousands of dollars for personal matters and the rest of the money remained in the accounts.”
At the same time, the European Union’s anti-fraud office is looking into even more serious allegations that the PA diverted money from European donors into terrorist activity. Haaretz says EU investigators have concluded that documents seized by the Israeli Defense Force indicating that Arafat ordered funds from European sources be used to support terrorist activity, including the work of the Al Aqsa Martyrs Brigades, are authentic.
If these investigations pan out, Arafat and the PA can each expect, at most, a gentle slap on the wrist.