Comparing likely economic disasters – Will Israel strike Iran on its own?

Iran’s nuclear ambitions and claims have for long stood in the way between Israeli and US foreign policy. While the US policy of deterrence based on additional sanctions seems to perpetuate, there is growing evidence of Israel’s readiness to strike.  Furthermore, in the middle of the presidential campaign it seems very unlikely that Obama would approve any attack. The remaining question is then “will Israel attack on its own?”

In a moment in which he euro crisis and a possible Greek default are holding the reins of world economy, an Israeli-Iranian conflict would be bring global catastrophic consequences. This is probably the most worrying and largest economic risk. The repercussions of such event would reverberate even farther than a default by Greece.

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