A very interesting and timely report

I have to disagree with their conclusion though:

The military junta, by permitting the prosecutor to inflate the gas deal with Israel to scandalous proportions, has darkened the hopes entertained in Jerusalem until now that the new rulers will provide Egypt and its relations with stability and show an interest in preserving the thirty-year old peace treaty with Israel.
But now, the generals demonstrating that if peace relations with Israel do not serve their ends, they are have no compunctions about sacrificing their peace partner's interests in order to pander to Egyptian public opinion - even at a loss of the desperately needed $2 billion a year which the gas deal brought the Egyptian treasury.

This is editorializing at it's worst - the sort of thing I've come to expect from DEBKA.

This is not about the peace treaty, it's about exposing the corruption of the former regime. It's also about giving the Israeli opposition something solid with which to fight corruption in Israel itself.

The hidden ground of the Arab uprising is reconciliation with Israel. Political change in Israel will follow once it becomes clear that these emergent democracies can't be bought off or intimidated, and that genuine diplomacy will have to take place.

Israel too is a young country. I'm betting the youth of Israel identify more with the youth of Egypt than with their own entrenched leadership. Conditions are better now than ever for real progress in that part of the world.

I don't expect the pipeline will be down for long. There are legal avenues in both Egypt and Israel to address the issue. Meanwhile, a show of good faith is more important right now than punishing a former enemy to no good effect.

ebear