Exactly a year after trumpeting the appointment of former senator George Mitchell as his special envoy to the Middle East, U.S. President Barack Obama is holding Israel and the Palestinians equally responsible for the stalemate in the peace process.

In an interview with Time magazine marking his first year in the White House, Obama said neither side has been willing to make the bold gestures necessary to move the process forward.

A senior minister told Haaretz Thursday that the chances of renewing the peace talks are "slim."

According to the minister, Mitchell's present mission is not likely to succeed either, as he will probably not persuade Palestinian President Mahmoud Abbas to renew the negotiations over the permanent status settlement.

Nor is he likely to receive from Prime Minister Benjamin Netanyahu a clear answer as to whether he is ready to adopt U.S. Secretary of State Hillary Clinton's formula to base Israel's permanent borders on the 1967 lines.

The results of Mitchell's meetings this week with Netanyahu and Abbas will determine whether Washington continues the efforts to bring the parties back to the negotiations table.

One possibility being examined is a shuttle diplomacy similar to Henry Kissinger's method of paving the way to the Separation of Forces Agreement between Israel and Egypt and Syria in the mid 1970s.

However, more than 16 years after the Oslo Accords were signed without American involvement, the Americans are not keen to give up the direct Israeli-Palestinian negotiation format for proximity talks like the Olmert government held with Syria, with Turkey's mediation.

Netanyahu has recently been trying to persuade the American administration that due to the rivalry with Abbas, he is not prepared to reach an agreement involving difficult Israeli concessions. Netanyahu proposed focusing the American efforts on drafting sanctions on Iran.

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