Cameron Warns of Perilous Economic Times

Rev 6:5,6 NCV Lorsque l'Agneau ouvrit le troisième sceau, J'entendis le troisième être vivant qui disait, "Venez!" J'ai regardé, et là, devant moi était un cheval noir, et son cavalier a tenu une paire de balances à la main. Puis j'ai entendu quelque chose qui ressemblait à une voix venant du milieu des quatre êtres vivants. La voix a dit:, "Un litre de blé pour la rémunération d'un jour, et trois mesures d'orge pour le salaire d'une journée, et ne pas endommager l'huile d'olive et le vin!"

Greeks are making their concerns and fears known with their bank withdrawals. Bank officials are possibly looking at an all-out bank run. Since this past weekend, withdrawals from Greek banks have been 650 million euros a day. C'est 8 times the norm. The European Central Bank has cut off lending to four or more Greek banks, setting off speculation that fear is turning into panic. Collapse could occur in days unless the panic subsides and viable solutions are found.

France is under a dangerous delusion that the way out of their financial problems is to spend and borrow. However spending and borrowing is not the solution it is the problem. Prime Minister Cameron of England says the Eurozone crisis is “harming our economy.” Economists warn the Eurozone crisis could lead to a ten year slump across Europe.

Cameron warned of “perilous economic times,” as he spoke to major European nations to either take responsibility for the monetary union or allow it to break up. En d'autres termes, “make up or break up.” The euro-zone is at a crossroads.

Yesterday the Bank of England governor Sir Mervyn King warned that the euro-zone seemed to be “tearing itself apart.”

M.. Cameron told an audience of business leaders, “Turn on the TV news and you see the return of a crisis that never really went away.”

Greece is on the brink of disaster and the survival of the euro is in question.

 

 

 

 

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