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Source: http://www.whitehouse.gov/news/releases/2007/10/20071023-3.html
Bush: Missile Defense Needed to Cope with Growing Iranian Threat
[White House] President Bush said in Washington on Tuesday: "The need for missile defense in Europe is real and I believe it's urgent. Iran is pursuing the technology that could be used to produce nuclear weapons, and ballistic missiles of increasing range that could deliver them. Last November, Iran conducted military exercises in which it launched ballistic missiles capable of striking Israel and Turkey, as well as American troops based in the Persian Gulf. Iranian officials have declared that they are developing missiles with a range of 1,200 miles, which would give them the capability to strike many of our NATO allies, including Greece, Romania, Bulgaria, and possibly Poland, Hungary, and Slovakia. Our intelligence community assesses that, with continued foreign assistance, Iran could develop an intercontinental ballistic missile capable of reaching the United States and all of Europe before 2015. If it chooses to do so, and the international community does not take steps to prevent it, it is possible Iran could have this capability. And we need to take it seriously - now." "Today, we have no way to defend Europe against the emerging Iranian threat, so we must deploy a missile defense system there that can. This system will be limited in scope. It is not designed to defend against an attack from Russia. The missile defenses we can employ would be easily overwhelmed by Russia's nuclear arsenal. Russia has hundreds of missiles and thousands of warheads. We're planning to deploy 10 interceptors in Europe. It doesn't take a rocket scientist to do the math."