OCCUPIED JERUSALEM: Israel’s war with Hamas group in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported on Sunday, citing preliminary Finance Ministry figures. The daily said the estimate, equal to 10% of gross domestic product, was premised on the war lasting between eight to 12 months; on it being limited to Gaza, without full participation by Lebanon’s Hezbollah, Iran or Yemen; and on some 350,000 Israelis drafted as military reservists returning to work soon. Calcalist described the ministry as deeming 200 billion shekels an “optimistic” estimate. But the ministry said it does not stand by Calcalist’s data. Hamas group f
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