It is agonizing for America to lose our young men and women.

As a result our economic losses now account for approximately 4 billion.

In the war and violence that surrounded Israel s establishment in 1948, our losses were immense.

They have assessed our losses they have determined the extent of the damage in the affected areas they have mapped out measures for solving certain problems.

Our economic and financial losses directly attributable to the effects of implementing the sanctions are constantly growing, and have now reached 1 billion.

Notwithstanding our own losses, our hearts go out to the people of the Philippines and to all our neighbours in the Caribbean.

But while there might be some short term individual winners, our collective losses will far outweigh them.