Israel Watching, Waiting for Egypt's Next Move

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As Egypt's revolution enters its next phase, Israel is watching anxiously to see what impact the new political reality in Egypt will have on the Jewish state.

Following the departure of Egyptian President Hosni Mubarak, Egypt's military announced it would honor all of its international treaties including its peace treaty with Israel. It was a reassuring and welcome sign in Jerusalem.

"Egyptian President Hosni Mubarak resigned over the weekend and left Cairo," Israeli Prime Minister Benjamin Netanyahu said in a statement Sunday. "The Government of Israel welcomes the Egyptian military statement that Egypt will continue to honor its peace agreement with Israel. The peace agreement with Israel has stood for many years. During this period, all Egyptian governments have upheld and advanced it and we believe that it is the cornerstone of peace and stability, not only between the two countries, but in the entire Middle East as well."

However, the future of that cornerstone might be in jeopardy. Israel's Channel 2 reporter Ayman Nour, the chairman of one of Egypt's political parties and a potential presidential candidate, said Egypt should rethink its treaty with Israel.

Israelis are concerned.

"People sort of like the status quo," Nour said. "It might not be great but we did have a peace treaty with Egypt and now there's talk of looking at that and discontinuing that which would lead to a potential regional war which nobody here wants."

"I think that here in Israel we are really afraid that from the protests it's going to be what happened in Iran with all the Islamic religions that got there -- so it's really terrifying," Nour added.

"We have to prepare ourselves for the worst case scenario," retired Gen. Uzi Dayan told CBN News. "The worst case scenario is uncertainty will return big time to our region. We don't know what will happen in Iraq for example or in Jordan or of course in Egypt and many other places."

Israel's new security situation will pose a serious challenge to its new chief of staff, Gen. Benny Gantz. On Sunday, he met with U.S. Adm. Mike Mullen, chairman of the joint chiefs of staff. Gantz takes over at one of the most sensitive times in Israel's history. Mullen said Gantz will be good for the country, the region and said, "God should watch over him."

Many observers believe after Egypt's revolution, Israel and the Middle East have entered a period of profound and great uncertainty and that other unforeseen developments could be on the horizon.

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