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

Wednesday, April 1, 2015

Eurozone can't survive in current form, says PIMCO

Prophecy Sign:  Revived Roman Empire - The EU Superstate



The revived Roman Empire in the form of a European Super-State may be the power colossus that gobbles up the world along with nine other similar global economic empires, (the 10 Kings/Kingdoms).  These kingdoms will eventually give over their power to the future Antichrist, (Revelation 17).

Eurozone can't survive in current form, says PIMCO
The eurozone is "untenable" in its current form and cannot survive unless countries are prepared to cede sovereignty and become a "United States of Europe", the manager of the world's biggest bond fund has warned. The Pacific Investment Management Company (PIMCO) said that while the bloc was likely to stay together in the medium term, with Greece remaining in the eurozone, the single currency could not survive if countries did not move closer together.
"The lesson from history is that the status quo we have now is not a tenable structure," said Mr Bosomworth. "There's no historical precedent that this sort of structure, which is centralised monetary policy, decentralised fiscal policy, can last over multiple decades."

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