“…the manipulation of money and goods is soon to be revealed as the main method of control imposed upon society by the Antichrist.”
-Jim Bakker in “Prosperity and the Coming Apocalypse”
French President Francois Hollande says a deal to start building a “banking union” on January 1 will “speed up” economic integration.
EU leaders agreed to set up a single banking supervisor for the 17-nation Eurozone. The move is seen as the first step to an entire European Union wide banking union.
The agreement states that the European Central Bank will be supervisor-in-chief. That allows them to intervene in any of the 6,000 banks in the Eurozone. The deal is a compromise between France and Germany over the number of banks that the group would oversee.
Germany had wanted to limit the agreement to just the largest banks within the Eurozone.
The UK will not be a part of the agreement.