>A Global Tsunami from Nouriel Roubini's Global EconoMonitor by Nouriel Roubini, Camilla Webster and Shai Baite

A Global Tsunami from Nouriel Roubini's Global EconoMonitor by Nouriel Roubini, Camilla Webster and Shai Baite

An Israeli military strike in Iran would have an earthquake-like impact on today's fragile global economy, and the potential for conflict is not entirely remote.

"Israel cannot live with a reality of a nuclear Iran threat," says Israel's Vice Prime Minister Silvan Shalom. On the other hand, Israel doesn't refer explicitly to a possibility of attack. This ambiguity notwithstanding, Shalom states that Iran, which in his view continues its efforts to obtain nuclear capabilities, is "taking advantage of the weakness of the international community and of the ongoing struggle over hegemony in the Middle East between the United States [on one hand, and] Russia and China [on the other]."

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