Nobody's victory, but in the end Israel could not defeat Hizbollah

Whatever Israel does now, it is seriously diminished. In military terms it has been confronted successfully for a second time by the guerillas of Hizbollah. Again and again, its heavily-armoured Merkava tanks have been rocketed to a standstill. All its technology and its large army have been shown lacking the deftness and determination of a vastly smaller force lacking armoured vehicles, bombers and aircraft. Most seriously, its vulnerability to missile attack has been amply demonstrated to any enemy, despite its possession of US anti-missile batteries. Israel has lost one of its most powerful weapons - the psychological sense of its military invulnerability. Continued.