From: http://cmnewman.blogspot.com/2002_11_01_cmnewman_archive.html citing the book Interview With History by Orianna Fallaci, citing an interview that Fallaci did with Arafat in the 1970s.

Orianna Fallaci: Abu Ammar, you always invoke the the unity of the Arab world. But you know quite well that not all the Arab states are willing to go to war for Palestine and that, for those already at war, a peace accord is possible, even desirable. Even Nasser said so. If such an accord comes about, as even Russia hopes, what will you do?

Yasser Arafat: We will not accept it. Never! We will continue to wage war against Israel alone, until we reacquire Palestine. The end of Israel is the goal of our struggle, and it permits neither compromises nor mediation. The points of this struggle, whether our friends like it or not, will remain fixed in the principles that we enumerated in 1965 with the creation of Al Fatah. First: revolutionary violence is the only system for liberating the land of our fathers; second: the goal of this violence is to liquidate Zionism in all of its forms, political, economic, and military, and to chase it away from Palestine forever; third: our revolutionary action must be independent of any control by party or state; fourth: this action will be of long duration. We know the intentions of some Arab leaders: to resolve the conflict with a peace accord. When this happens, we will oppose it.

Fallaci: Conclusion: you don't want at all the peace that everyone hopes for.

Arafat: No! We don't want peace! We want war, victory. Peace for us means the destruction of Israel and nothing else. That which you call peace, is peace for Israel and the imperialists. For us it is injustice and shame. We will fight until we achieve victory. Decades if necessary, generations.