We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, February 18, 2015

Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st

Prophecy Sign:  The coming global economic collapse, (the New Economic World Order)

The Greek financial collapse is about to spread across Europe and take a whole lot of nations down for the count.  How much longer before the remainder of the world feels the pain?  Is it 'game over' as the video below suggests?

Now listen, you rich people, weep and wail because of the misery that is coming on you.  Your wealth has rotted, and moths have eaten your clothes.  Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:1-3 NIV

Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st
Europe is on the verge of a horrifying financial meltdown, and there are only a few short weeks left to avert total disaster.  On Monday, talks that were supposed to bring about yet another temporary “resolution” to the Greek debt crisis completely fell apart.  The new Greek government has entirely rejected the idea of a six month extension of the current bailout.  The Greeks want a new deal which would enable them to implement the promises that have been made to the voters.  But that is not going to fly with the Germans, among others.  They expect the Greeks to fulfill the obligations that were agreed to previously.

Greek official: No agreement is possible
After a warm-up last week, Monday's eurogroup meeting is going to have a huge impact on Greece's financial future. It's looking grim so far. A Greek government official reportedly said that no agreement is possible. The country has just about three weeks of cash left. Tax revenues have plunged and the country's bailout officially terminates at the end of February. What's more, the European Central Bank says that the emergency assistance currently being provided to Greece's banks is tied to that bailout deal. 

Sweden cuts rates below zero as global currency wars spread
Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap. The bank presented the move as precautionary step due to rising risks of a “poorer outcome abroad” and the crisis in Greece. Janet Henry from HSBC said the measures are clearly a “beggar-thy neighbour” manoeuvre to weaken the krone, the latest such action in a global currency war that does little to tackle the deeper problem of deficient world demand.

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