"Israel's prime minister on Monday scrambled to contain the damage from Egypt's decision to cut off natural gas exports, dismissing the matter as a mere "business dispute" as he tried to prevent a full-fledged diplomatic crisis.
The comments by Benjamin Netanyahu contrasted with earlier statements by Cabinet ministers who warned the Egyptian move threatened to harm already shaky relations between the two nations.
"We don't see this cutoff of the gas as something that is born out of political developments," Netanyahu said. "It's actually a business dispute between the Israeli company and the Egyptian company."" ABC News
The Beebster can talk himself blue in the face about this but, in fact, this is a major economic and diplomatic blow to Israel's future welfare.
The fact that this has occurred BEFORE the Islamist and basically anti-Israeli forces in Egypt are fully empowered is ominous.
IMO it is only a matter of time before the Egyptians withdraw from the treaty of peace with Israel. pl