Some excerpts from a translated version of Ben Kaspit’s —of Ma’ariv— interview with former Mossad director, Meir Dagan reproduced here. In summary, Dagan seems to view the “Arab Spring” in positive terms: 

“I suggest we calm down,” says Dagan, “the Egyptian business is not over yet, we are in the midst of the process, and you cannot know the outcome. The issue of the gas has nothing to do with the political relations. I suggest looking realistically at the issue. There is no conventional threat to the State of Israel today. There is no eastern front, there is no large conventional army, such as during the Yom Kippur War, that threatens us. I assess that the situation will stay as such for the next three years, at least.”

"…today is the first time in our history that the Arab League is not confrontational toward Israel. All the radical elements that stirred them up against us are gone. Qaddafi is dead, Saddam Hussein is dead, Bashar is busy with his own troubles, today you have an Arab League which is far less tempestuously critical, less dominant in its passion against Israel. And there are more than a few Arab countries that understand that on some of the issues, our interests overlap.”

"Yes, if Egypt becomes a Muslim Brotherhood state and the regime externalizes its problems against us, we will have a problem. But I don`t see that happening so quickly. Egypt must receive massive Western aid. There is no more Eastern Bloc. It depends on the Americans. And therefore, even if the Muslim Brotherhood comes to power, the chance that they will become more aggressive against us is low. We need to be careful. Why, Mubarak also had an anti-Israeli attitude. It hasn`t changed much. The cold peace is still an efficient and good peace. The fact is that we haven`t fought the Egyptians for decades. All in all, Egypt is maintaining the peace accord, with small deviations here and there, but with no substantial disadvantage.”

“When I look at the Egyptian front, I don`t see a situation in which evil will come from the south. We were never liked in Egypt. They were never and will never be supporters of Zion. They will always prefer the Palestinians. That is the situation. But there are many restraining elements there as well. Let`s not forget that nationalism was not invented by religion. The secular regimes in the Arab states were very radical in their attitude against us. The wars were against secular regimes in Egypt, in Syria and in other places. So I can`t prophesize, but you need to see the picture in its entirety, and it is diverse and complex. Each risk is coupled by an opportunity.”