Greece Budget Hole Threatens to Swallow Europe

Prophecy Sign:  The collapse of the world economy

All is not well in the European Union, with Greeceperched on the precipice and ready to topple. Concerns are that this toppling could lead to a whole series of dominos falling, (Spain, Portugal, Italyand others), leading to another economic tsunami which could reach the shores of every continent.  The potential of this tsunami is very real and could be the catalyst that ushers in the new global economic order of the Antichrist.

Now listen, you rich people, weep and wail because of the misery that is coming on you.  Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV

They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. Ezekiel 7:19 NIV

 

From the article:

That initial reaction foreshadowed European leaders’ failure to tame a crisis that is entering its 21st month and has world leaders growing anxious over the prospect of a new financial tsunami as they shake off the effects of the last one. On June 7, President Barack Obama told Merkel it was her job to stop an “uncontrolled spiral of default.” China’s central bank warned on June 14 of a “major risk” incubating in Europe.  “This has unravelled badly,” said Paul de Grauwe, an economics professor at the Catholic University of Leuven in Belgium and a two-time candidate for a European Central Bank post. “The most favorable scenario is that we can bridge the next six months. The less favorable scenario is this gets out of control.”

Greece Budget Hole Threatens to Swallow Europe
http://www.bloomberg.com/news/2011-06-22/papandreou-budget-hole-threatens-to-swallow-europe-defies-debt-crisis-fix.html