European leaders again seem to have made an accord to save the Euro:
By STEVEN ERLANGER and STEPHEN CASTLEPublished: October 27, 2011
BRUSSELS — European leaders, in a significant step toward resolving the euro zone financial crisis, won an agreement from banks early Thursday to take a 50 percent loss on the face value of their Greek debt. The agreement was crucial to assembling a comprehensive package to protect the euro, which has been keeping jittery financial markets on edge around the world…
Chancellor Angela Merkel of Germany said: “I believe we were able to live up to expectations, that we did the right thing for the euro zone, and this brings us one step farther along the road to a good and sensible solution.” http://www.nytimes.com/2011/10/28/world/europe/europe-in-accord-on-basics-of-plan-to-save-the-euro.html
Proposing more losses on Greek debt essentially is sending the message that while the EU will somewhat support the Euro, it will not support all the debt of the nations in the Eurozone. Hence, the EU is not as unified as it sometimes appears to be–and mixed message is consistent with Bible prophecy about the empire that is forming there (Daniel 2:41-43).
Despite unity issues, other Bible prophecies in both the books of Daniel (9:26-27; 11:20-44) and Revelation (13;17;18) point to a power to be based out of Europe (there are also European pointed prophecies in other books of the Bible, such as Isaiah, Jeremiah, Ezekiel, etc.) that will fulfill many end-time prophecies.
As I have written before, the Bible is clear that Europe will appear disconnected and never will be thoroughly unified (Daniel 2:41-43). Many in Germany and in other parts of Europe will likely not like the newly proposed accord. Europe may have additional civil unrest and possibly civil war (see pages 79-81 of 2012 and the Rise of the Secret Sect book) if the Euro crisis expands, which would likely be stopped by the final Beast (cf. Revelation 13:4), who is the final King of the North–a power that will accumulate gold (Daniel 11:36-43).
As far as the Euro, here is some of what the book 2012 and the Rise of the Secret Sect states:
Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro) may greatly increase European credibility, prosperity, and influence around the globe.
And as I have written many times, I expect the euro to rise and drop in value from time to time. Actually, I expect it even to plummet should major civil unrest occur, until the Euro (or whatever replacement currency Europe would have should the euro be dropped, including a possible world currency) becomes the actual world reserve currency essentially replacing the US dollar.
There have already been many demonstrations and riots in Greece related to the financial and debt crisis there. In my last visit to Greece (a few months ago), I heard complaints from Greeks that they blamed Germany for monetarily taking advantage of the crisis and that the average Greek seemed to believe that Germany was making so much interest from Greek debt, that the Greeks were the victims here.
The Germans, of course, have a different view. And if creditors take a 50% hit on Greek debt, it certainly does not seem like they are truly profiting from the debt like many in Greece believe.
Despite problems and temporary “fixes” with the Euro, Europe will have to reorganize, and ultimately fulfill the prophecies in the Bible about being the final Beast power of Revelation, the final King of the North of Daniel 11.
For details on those prophecies, check out the following:
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? What is ahead for Europe?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the former German Defense Minister one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
Can the Great Tribulation Begin in 2011, 2012, or 2013? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Why does Daniel 9:26-27 seem to be referring to a peace deal confirmed by a European leader.