Hasan Afif El-Hasan says that in 1955–1956 the Americans proposed to Nasser that he solve the Arab–Israeli conflict peacefully in exchange for American finance of the High Dam on the Nile river, but Nasser rejected the offer because it would mean siding with the West (as opposed to remaining neutral) in the Cold War. Since the alternative to a peace agreement was a war with unpredictable consequences, Nasser's refusal to accept the proposal was irrational, according to el-Hasan.
Hasan Afif El-Hasan says that in 1955–1956 the Americans proposed to Nasser that he solve the Arab–Israeli conflict peacefully in exchange for American finance of the High Dam on the Nile river, but Nasser rejected the offer because it would mean siding with the West (as opposed to remaining neutral) in the Cold War. Since the alternative to a peace agreement was a war with unpredictable consequences, Nasser's refusal to accept the proposal was irrational, according to el-Hasan.