Quote Of The Day

Quote Of The Day

The Middle East is currently facing a major crisis. On the one hand there is more instability in the region, and a higher likelihood of terror because of the loss of control by governments. And we face the threats of missiles – nuclear and conventional – from Iran and Syria.
On the other hand, there is no doubt that the Arab states around us are weaker, militarily and certainly economically, to the extent that their ability to enter into an arms race with us will be very limited over at least the next 5 to 10 years. Some of these countries are near bankruptcy, and as a result Israel did not need to overspend on defense needs, certainly not beyond what the Brodet Committee recommended to bring Israel's defense facilities up to par.

  -- Finance Minister Yuval Steinitz