Greece Gives Another Bailout To Banks

Rev 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!"

<blockquote>“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”
<p style="text-align: right;">-Jim Bakker in “Prosperity and the Coming Apocalypse”</p>
</blockquote>

The Greek government gave 18 billion euros to its four biggest banks in an attempt to allow the banks access to European Central Bank funds.

Two government officials told Reuters that the government is trying to revive the country’s falling tax revenue but that it has a 3 billion euro fund remaining from the country’s first bailout to pay bills should the tax revenue not recover.

A senior Greek finance ministry official said that the country’s revenue is on pace for a ten percent decrease this month. Officials are warning that the country could be unable to pay pensions and salaries by the end of June.

Greece will hold elections on June 17th that could bring in leaders who wish to pull Greece out of the Euro Zone adding to the fiscal uncertainty in the country.

 

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