Europe’s Economic War of Attrition
During the war of attrition that followed Egypt's defeat in the June 1967 war with Israel, underlying tensions festered. While the parallels with today's European debt crisis are far from perfect – the threat is economic rather than military – there is a real sense of “no peace and no war.”
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NEWPORT BEACH – I was nine years old when Egypt entered what became known as its “war of attrition” with Israel. During this period of “no war and no peace,” underlying tensions festered, and a fragile tranquility was periodically interrupted by armed skirmishes.