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Jerusalem - Report: War With Iran Would Take A Heavy Toll On Israeli Economy

Published on: August 21, 2012 12:26 PM
By: VIN News Staff
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An Israeli soldier covers his face from the dust during a military exercise  in the Golan Heights, norhtern Israel, 21 August 2012. Israeli Armed Forces have been conducting manoeuvers amid raising tensions in the region.  EPA/ABIR SULTANJerusalem - If Israel decides to go to war with Iran, the Israeli economy will suffer greatly, losing an estimated 167 billion shekels or $42 billion.

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Reuters reports (http://reut.rs/SO4G5B) that BDI-Coface, a well-known research group, has said the war would result in a direct economic loss as high as 47 billion shekels, an amount corresponding to 5.4 percent of Israel’s gross domestic product last year. Israel can also expect to lose 24 billion shekels a year in indirect damages for three to five years resulting from a breakdown in local business and economic activity.
Israeli officials have not yet determined whether to attack Iran. Military sources say they would prefer to have the support of the United States before proceeding.



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Read Comments (16)  —  Post Yours »

1

 Aug 21, 2012 at 12:39 PM rebeli Says:

Don't attack, instead do what the US and USSR had and still have today, MAD (Mutually Assured Destruction), the result of which assures the complete and utter destruction of BOTH attacker and defender.
In other words, let Iran know in no uncertain terms, if they go nuclear against Israel, Israel will instantaneously recipocate, thus if we go they go too. This doctrine will possibly avoid a nuclear attack from Iran, unless of course they want to destroy themselves in the process.

2

 Aug 21, 2012 at 12:44 PM Anonymous Says:

there is no choice!

3

 Aug 21, 2012 at 01:10 PM EliW Says:

Reply to #1  
rebeli Says:

Don't attack, instead do what the US and USSR had and still have today, MAD (Mutually Assured Destruction), the result of which assures the complete and utter destruction of BOTH attacker and defender.
In other words, let Iran know in no uncertain terms, if they go nuclear against Israel, Israel will instantaneously recipocate, thus if we go they go too. This doctrine will possibly avoid a nuclear attack from Iran, unless of course they want to destroy themselves in the process.

That works well when there is no religious motivation to attack. But Iran believes that its thier religious duty to wipe Israel off the map. And by doing so - their profit will somehow resurface. So they are not afraid of a counter-attack. And I rather not have them destroy Israel and than Israel destroy them. As we can't not afford to loser another 6 million Jews. Israel has a duty to act not only in self defense but to launch a preemptive strike, if they feel it could avoid a future attack that threatens the nation of Israel.

4

 Aug 21, 2012 at 01:03 PM NarishGeret Says:

Once Iran developes nuclear arms the other Arab countries will do the same. Can you imagine all Arab countries surrounding Israel with nuclear arms??? Even unintentionally if only by accident one of those arms go off!! They are not very professional at what they do!! Hashem Yishmor!!

5

 Aug 21, 2012 at 12:59 PM NarishGeret Says:

Better to lose 42b than to lose "chas v'sholom" 6m!

6

 Aug 21, 2012 at 12:58 PM ALTERG Says:

Iran is stronger then israel they have all arabs with them (Egypt, sirya, chizbala, & many more...) pls don't start with them you will loose big time, let's wait for משיח צדקינו

7

 Aug 21, 2012 at 01:13 PM my-opinion Says:

oh really? War costs money? What a genius statement?!

8

 Aug 21, 2012 at 01:20 PM Anonymous Says:

Reply to #6  
ALTERG Says:

Iran is stronger then israel they have all arabs with them (Egypt, sirya, chizbala, & many more...) pls don't start with them you will loose big time, let's wait for משיח צדקינו

They have more TerroristS. don't be fooled, Israel is very smart and bh not poor. Especially when it comes to military. They can do more with a little bit less then iran with the use their Jewish heads and bez'hs have a great victory!

9

 Aug 21, 2012 at 01:25 PM Kzler Says:

Reply to #2  
Anonymous Says:

there is no choice!

Of course you will purchase a ticket on El-Al and fly to Israel. You have a choice too and you will sit on your fat derrier and give advice

10

 Aug 21, 2012 at 01:56 PM rebeli Says:

Reply to #3  
EliW Says:

That works well when there is no religious motivation to attack. But Iran believes that its thier religious duty to wipe Israel off the map. And by doing so - their profit will somehow resurface. So they are not afraid of a counter-attack. And I rather not have them destroy Israel and than Israel destroy them. As we can't not afford to loser another 6 million Jews. Israel has a duty to act not only in self defense but to launch a preemptive strike, if they feel it could avoid a future attack that threatens the nation of Israel.

Ultimately, in the end Israel might have no choice but to do nothing, simply because there's a strong likelihood that even if Israel does go on the offensive, all it will result in is postpone their nuclear ability by a few years, at best. That's if everything goes well. To pay such a high price for such a temporary gain isn't worth it.
To all clamoring for Israel to go to war, are any of your fathers, sons or siblings going to do the fighting? Didn't think so!

11

 Aug 21, 2012 at 02:36 PM bubii Says:

Reply to #1  
rebeli Says:

Don't attack, instead do what the US and USSR had and still have today, MAD (Mutually Assured Destruction), the result of which assures the complete and utter destruction of BOTH attacker and defender.
In other words, let Iran know in no uncertain terms, if they go nuclear against Israel, Israel will instantaneously recipocate, thus if we go they go too. This doctrine will possibly avoid a nuclear attack from Iran, unless of course they want to destroy themselves in the process.

You are tottaly wrong they are so sick in their head that without a doubdt dont care and said it ,in their own words they said we can loose millions but not israel so go ahead if youre crazy enough to beleive them that mutual destruction will work with them .

12

 Aug 21, 2012 at 02:38 PM Rangers goalie Says:

Reply to #8  
Anonymous Says:

They have more TerroristS. don't be fooled, Israel is very smart and bh not poor. Especially when it comes to military. They can do more with a little bit less then iran with the use their Jewish heads and bez'hs have a great victory!

"use their Jewish heads and bez'hs have a great victory! ”
Are you insane? What make you think they will have a "great victory"? You know how many more Arab/Iranian soldiers there are than Israeli ones? Israel would take such a loss chas v'sholom it no longer would have a government/infrastructure at all!

13

 Aug 21, 2012 at 03:33 PM Avi Says:

Reply to #12  
Rangers goalie Says:

"use their Jewish heads and bez'hs have a great victory! ”
Are you insane? What make you think they will have a "great victory"? You know how many more Arab/Iranian soldiers there are than Israeli ones? Israel would take such a loss chas v'sholom it no longer would have a government/infrastructure at all!

Ground troops would likely not play very strongly in a war with Iran. Israel would just carpet bomb the country and be done with it.

14

 Aug 21, 2012 at 05:26 PM Questionmark Says:

I have a question: Where is the Mossad, why can"t they start by "accidentally" getting rid of Ahmadinejad? he's constantly flying around the world lets start with him 1st & take it from their.

What do u say VIN pals?

15

 Aug 21, 2012 at 08:27 PM mugsisme Says:

Reply to #9  
Kzler Says:

Of course you will purchase a ticket on El-Al and fly to Israel. You have a choice too and you will sit on your fat derrier and give advice

Just bought my bocher a gas mask. Don't forget, we have HKB"H on our side. We need to increase in our ahavas yisroel, learning, and daven like crazy.

16

 Aug 22, 2012 at 03:49 PM Rangers goalie Says:

Reply to #13  
Avi Says:

Ground troops would likely not play very strongly in a war with Iran. Israel would just carpet bomb the country and be done with it.

"Israel would just carpet bomb the country and be done with it. ”
And be done with it? Snap your fingers? Zap gone? Are you kidding? you are dreaming if you think Israel has a chance to win a war against the Arabs!

17

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