Wednesday, May 18, 2011

Bethel Finances: Former nat'l security advisor does not see conflict ahead

www.bethelfinance.com

Bethel Finance news:

"I want to sound the all-clear. There won't be an Israeli attack on Iran, and there is little chance of war with Syria or Lebanon. I believe that this will be a year of calm," said former national security advisor Giora Eiland at the "Globes"-BDO Ziv Haft Finance and Capital Market Conference today.

"In Lebanon, the chance of war with Hizbullah is low," Eiland said. "In Gaza, there are good reasons for the Palestinians to keep the quiet, so I therefore believe that this will be a quiet year in terms of security. Will the UN declare a Palestinian state? Yes. Will this declaration be translated into concrete steps that Israel will have to carry out - no. This is only a declaration."

Commenting on the Arab Spring, Eiland said, "If you look at the broad swathe from Libya to Yemen, the effects of the events in the Middle East are indirect, but they could have a strong impact on the US, and therefore on Israel. The worrying thing is a small country, ostensibly one that is of very little importance to Israel, Bahrain. It is very important on the Saudi Arabian side of the Persian Gulf and I think that it is the key."

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