Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Eurozone finance ministers were holding unscheduled meetings trying to find a “plan B” for Cyprus as the country’s financial system is rapidly collapsing beyond their control.
The country’s banks have been shut until next week because of a run on savings accounts. Rumors that the European Union and the International Monetary Fund would require all Cyprus account holders to sacrifice a portion of their savings to obtain a bailout of the nation.
The nation’s central bank governor is proposing measures to restructure the nation’s second largest bank and protect all account holders to the EU’s 100,000 euro bank savings guarantee.
The bank, Laiki, reportedly will be split into two banks, a good bank and a bad bank. Larger savings accounts would go to the “bad bank” and depositors could lose up to 40% of their holdings.
ATM machines across the nation are running out of money as account holders attempt to withdraw all their funds by reaching the daily limits every day.
Discussions are also underway to force Cyprus to leave the euro.
