The Eurozone is ready to be dismantled and replaced with what we believe will be a revived form of the former
The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. They have one purpose and will give their power and authority to the beast. Revelation 17:12-13 NIV
From the articles:
Plans to increase the firepower of Europe 's bail-out machinery with extra leverage threaten France 's AAA rating and risk setting off a dangerous chain of events, a top German institute has warned. Berlin’s DIW institute, one of Chancellor Angela Merkel’s five official advisers, said attempts to boost the €440bn (£384bn) EFSF bail-out fund – possibly to €2 trillion – with guarantees to shore up southern Europe would be “poisonous” for France’s credit worthiness.
Dr Ansgar Belke, the group’s research chief, said the leverage proposal emerging as part of the EU’s “Grand Plan” to restore confidence is self-defeating. “It counteracts efforts made so far to stabilise the eurozone debt crisis, which are premised on the AAA rating of a sufficiently large number of strong economies. In extremis, it would probably cause the break-up of the eurozone”, he told newspaper Handelsblatt.
____________________________________________The German Chancellor, Angela Merkel, and the French President, Nicolas Sarkozy, pledged to do “everything possible” to bolster the eurozone’s insolvent governments and banks, so preventing another wave of global financial panic. A “complete strategy”, no less, will be presented to the G20 Heads of Government summit in Cannes , early next month. What this “something” is, wasn’t disclosed.
Putting an end to the euro would be better than yet another bail-out
http://www.telegraph.co.uk/finance/comment/8829493/Putting-an-end-to-the-euro-would-be-better-than-yet-another-bail-out.html
Post a Comment