Mass bond selloff takes Europe from bad to worse

Prophecy Sign:  The collapse of world markets and a new world order economic system

Things are falling apart on the European continent. Soon we will see the pieces come back together into the Revived Roman Empire, (Daniel 2, Revelation 17).

At the same time, the economic tsunami that will sweep across the globe with the European collapse will set the stage for the economic/financial world order of the Antichrist

From the article:

The European debt crisis is rolling across the continent at alarming speed, proving that almost no country is immune to the contagion unleashed by Greece and Italy as confidence in the region’s ability to reduce its debt loads evaporates. Yields on the 10-year bonds of France, Belgium, Spain and Austria all soared to record euro zone highs on Tuesday in spite of fresh data showing that the German economy is still expanding and despite the tentative launch of caretaker governments in Rome and Athens with mandates for economic reform.

The mass selloff drove up the debt yields of countries that had been considered havens, including Finland and the Netherlands. “Global financial markets are facing a key pivotal point,” analysts at Barclays Capital said in a Tuesday research note. “A further escalation of the European debt crisis is putting at risk the nascent stabilization of global growth.”
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Britain must give more to the European Union and cannot “get away” with not contributing to the eurozone rescue package, a senior German government figure has said. The German government believes Britain should be part of a Europe-wide tax on financial transactions, the proceeds of which could help prop up the single currency. However, David Cameron and George Osborne have blocked the tax, with the Chancellor claiming it is a “bullet aimed at the heart of London”. Ministers have instead called on the Germans to allow the European Central Bank (ECB) effectively to print money to rescue beleaguered economies.

 

Mass bond selloff takes Europe from bad to worse

http://www.theglobeandmail.com/report-on-business/international-news/european/mass-bond-selloff-takes-europe-from-bad-to-worse/article2237398/

European Union debt crisis: Britain must help rescue eurozone, say Germans

http://www.telegraph.co.uk/news/politics/david-cameron/8892920/European-Union-debt-crisis-Britain-must-help-rescue-eurozone-say-Germans.html

EU survival: ‘No guarantee of success’

http://rt.com/news/eu-crisis-solution-guarantee-455/