Subscribe free to our newsletters via your
. GPS News .




NUKEWARS
Cost of Israeli Iran attack: $41.4 billion
by Staff Writers
Rishon Lezion, Israel (UPI) Aug 21, 2012


disclaimer: image is for illustration purposes only

The Business Data Israel Ltd. research company estimates that an Israeli attack on Iran would cost Israel $41.4 billion.

The BDI estimate includes the direct and indirect financial damage to the Israeli economy from an attack on Iran's nuclear facilities.

BDI costs the immediate cost to the Israeli economy from such an attack at $11.66 billion, plus $5.95 billion annually in lost gross domestic product for five years in the wake of the attack because of the collapse of businesses.

BDI used as a baseline the 2006 32-day Second Lebanon War, which cost Israeli .5 percent of GDP in lost growth. BDI also factored in the direct costs of that war, an additional $1.98 billion in civilian property damage, damage to infrastructures and underwriting the direct costs of the war, Israel's Globes business newspaper reported.

"In the event of a war on the same scale (as Lebanon in 2006), with the same duration and damage, then it is possible to expect $3.97 billion in damage," BDI said.

BDI pointed out that most of the damage in the Second Lebanon War occurred in the north, which produces 20 percent of Israel's GDP. It can be assumed that in the event of a war, it will also include the center of the country, which produces about 70 percent of Israel's GDP, BDI said.

In 2011, GDP totaled $216 billion and the cost of such a war is estimated at three times the cost of the last war, or $11.6 billion, the company said.

"This amount is not the final figure," BDI said. "There is damage which is difficult to estimate, such as the loss of foreign customers and the collapse of businesses (especially small businesses), which could be permanent.

"A conservative estimate of the collapse of 10 percent of small businesses ... as the result of a war (due to the slowdown, lack of financial depth, drop in demand), we estimate the loss of GDP at $5.95 billion a year for 3-5 years, in addition to the direct damage."

Israel has been the prime international mover behind efforts to pressure Iran to suspend its nuclear activities, as the Israeli leadership claims it masks a nuclear weapons program, a charge that Iran strongly denies.

The United States is also pressuring Iran to suspend its nuclear enrichment programs and there is speculation as to how much divergence there is between the Israeli and U.S. positions.

Amid the uncertainty, recent Israeli media interviews by Israeli Defense Minister Ehud Barak seem to indicate that speculation in the Israeli media about a possible unilateral Israeli military attack on Iran's nuclear facilities in fact may be a negotiating ploy whereby Israeli Prime Minister Binyamin Netanyahu and Barak hope to impel U.S. policies toward closer support of Israel's "red lines" on Iran's nuclear program.

.


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








NUKEWARS
Iran judge condemns American to death for spying
Tehran (AFP) Jan 9, 2012
An Iranian judge sentenced a US-Iranian man to death for spying for the CIA, media reported Monday, exacerbating high tensions in the face of Western sanctions on the Islamic republic's nuclear programme. Amir Mirzai Hekmati, a 28-year-old former Marine born in the United States to an Iranian family, was "sentenced to death for cooperating with a hostile nation, membership of the CIA and try ... read more


NUKEWARS
US corn, soy prices hit records as drought lingers

Scores of mastic orchards ravaged by Greek wildfire

China sees red over Europe wine imports

Aquaculture Feeding World's Insatiable Appetite for Seafood

NUKEWARS
IBM buys flash memory firm

NIST's speedy ions could add zip to quantum computers

NASA Goddard Team to Demonstrate Miniaturized Spectrometer-on-a-Chip

Dutch firm ASML clinches 1.1 bn euro deal with Taiwan's TSMC

NUKEWARS
Swiss fighter jet purchase to go ahead despite criticism

Taiwan's China Airlines boosts Auckland flights

Xiamen Airlines in talks to buy 30 Boeing 737 MAXs

Taiwan denies it still seeks F-16C-D jets

NUKEWARS
US launches test of Wi-Fi to prevent car accidents

American CEO of Czech truck-maker charged in graft case

Researchers Find Material for Cleaner-Running Diesel Vehicles

UC Discoveries Could Help Quiet The World's Cities

NUKEWARS
Asia eyes Brazil's growing consumer market

Record eurozone trade surplus, analysts divided on outlook

Foreign investment in China declines in July

Oracle fined $2 mn for off-books payments in India

NUKEWARS
Widespread local extinctions in tropical forest 'remnants'

Marine research in the Brazilian rain forest

Thai forces 'kill 38 Cambodian loggers in six months'

New bird species discovered in 'cloud forest' of Peru

NUKEWARS
NASA Selects Combined Data Services Contract For Polar Satellites

Proba-1 microsat snaps Olympic neighbourhood

Sparse microwave imaging: A new concept in microwave imaging technology

NASA Finalizes Contracts for NOAA's JPSS-1 Mission

NUKEWARS
New Phenomenon in Nanodisk Magnetic Vortices

Oh, my stars and hexagons! DNA code shapes gold nanoparticles

UCF nanoparticle discovery opens door for pharmaceuticals

New structural information on functionalization of gold nanoparticles




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement