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BLITZER: How much time do you believe the international community has before Iran crosses into an area of no return, in effect has a nuclear bomb?

LIVNI: The crucial moment is not the day of the bomb. The crucial moment is the day in which Iran will master the enrichment, the knowledge of enrichment.

BLITZER: And how long is that?

LIVNI: A few months from now.

BLITZER: Six months?

LIVNI: No, I don't know for sure, because it takes time...

BLITZER: Because other Israelis have said that would be the point of no return.

LIVNI: I don't want to use the words "point of no return," because the Iranians are using it against the international community. They are trying to send a message that it's too late; you can stop your attempts because it's too late.

It's not too late. They have a few more months. And it is crucial because this is in the interests of the international community. The world cannot afford a nuclear Iran. It's not only a threat to Israel. The recent understanding, also, of moderate Arab states is that Iran is a threat to the region. And I believe that this is time for sanctions.

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