Will Israel Attack Iran's Nuclear Facilities Before the End of the Bush Administration? Joschka Fischer Argues Yes

I had the pleasure to meet and speak at length over the weekend with Joschka Fischer, former Foreign Minister of Germany and one of the deepest geo-strategic thinkers in the world. He argued with me that – as he fleshed out in a a recent article he wrote for the Project Syndicate – Israel will attack Iran’s nuclear facilities before the end of the Bush administration and that Israel effectively received the green light to this action from Bush during his recent visit to Israel. Fischer was recently in Israel to attend the celebrations for the 60th anniversary of Israel creation. A variety of factors and conversations – fleshed out in his article – have led him to the conclusion that Israel will attack Iran before the end of the Bush administration. This is just an opinion of one – however influential and well-connected – observer; but the arguments that Fischer makes on why Israel may go ahead sound compelling. We certainly don’t know if Israel will act that early – and certainly Israel has signaled that it will not accept an Iran that is nuclear - but let us consider the economic and financial consequences of such action.

Now, it is not certain – as argued by Fischer – that Israel will strike that early; this is just a guess and a prediction by one observer even if many others think likewise. But if such action were to be taken by Israel the consequences outlined above would be the clear outcome: a major global recession, wars throughout the Middle East (Iran, Iraq, Gaza, Lebanon, Israel, etc.) and a major increase in geopolitical instability.