The remarks by Abbas come a few days after Israel and Hamas militants reached a truce after 50 bitter days of fighting.
More than 2,100 Palestinians were killed, including hundreds of civilians. Seventy one people on the Israeli side, including six civilians were killed.
Several Egyptian mediated cease-fire attempts during the conflict failed. Hamas eventually accepted almost the same truce offered at the beginning.
"It was possible for us to avoid all of that, 2,000 martyrs, 10,000 injured, 50,000 houses (destroyed)," Abbas told Palestine TV in remarks broadcast today. He said Hamas had insisted on discussing demands first before ending the cease-fire, which only served to prolong the violence.
Egyptian mediators tried early on to get the sides to agree to a ceasefire. Several temporary truces were broken by Gaza militants.
"The Egyptian formula was on the table on July 15th, it was backed by the Arab League, it was accepted by Israel but rejected by Hamas then and now more than a month later has belatedly been accepted by Hamas," Israeli government spokesman Mark Regev said.
The two sides agreed on Tuesday to an open-ended truce. The cease-fire brought an immediate end to the fighting but left key issues unresolved. Hamas immediately declared victory, even though it has very little to show for the war.
While Israel agreed to loosen a long-standing blockade to allow humanitarian aid and reconstruction materials into Gaza, many of the border restrictions will remain in place. Hamas, meanwhile, rejected Israel's demands that it disarm.
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