As more and more countries within the European Union struggle economically, the euro – the union’s common currency – becomes more embattled, with its founder now even predicting its demise. “The euro has become an austerity suicide pact.”
I have been watching articles pour forth about Cyprus all weekend. I am almost as aggravated with the majority of them as I am with what took place. People are dancing around the edges while the propaganda machines of Europe are churning out the usual bunk. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes place it is retroactive.
One of Europe’s most senior politicians has issued a warning that peace was being taken for granted on the continent and that its current troubles were chillingly similar to those in the run up to WW1.
Jean Claude Juncker, prime minister of Luxembourg, who chaired a group of Euro-zone finance ministers at the height of the financial crisis, claimed that elections in Italy and Greece brought “national resentments to the surface, which we’d believed had gone away”.
John R. Schindler, a professor of national security affairs at the U.S. Naval War College, is out with a fascinating report. The Swiss are apparently gearing up for the possibility of major civil unrest throughout Europe. It’s difficult to say for sure, whether Swiss officials really see an increased threat or whether this is just an expansion of the Swiss state.
The euro has completely broken down as a workable system and faces collapse with “incalculable economic losses and human suffering” unless there is a drastic change of course, according to a group of leading economists.
Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going to be saved, it would have happened by now. The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out.
In an epic rant, trumping Biderman, UKIP’s Nigel Farage appears to have reached the limit of his frustration with his ‘peers’ in the European Parliament after the Spanish bailout.
MEP Nigel Farage gave a rousing speech in the European Parliament yesterday during which he warned that the actions of the EU were setting the stage for the re-emergence of National Socialism and that the continent faced the prospect of mass civil unrest.
Efforts by European leaders to shoe-horn a range of diverse countries into a rigid financial cage are doomed to fail. But that’s all part of a long-term plan for a global super-currency which can only bring more hardship to ordinary working people.
In his candid appraisal of the letter from Germany’s Angela Merkel and France’s Nicolas Sarkozy to the European Union meeting that starts Friday in Brussels, Dan Murphy makes clear that this summit will be different from the previous 20: This one is determined to override national sovereignty to save the euro.
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
People all around the world are watching the crisis unfold in Europe and are wondering about the final outcome. Will the European Union survive the storm? Will the Euro survive the storm? What does the Bible have to say about it?
Joseph and Johnny discuss the possibilities.
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