T.H.E.M.
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T.H.E.M.
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Fear returns to the eurozone as collapse seems inevitable
GREETINGS,
EUROPE IS SCARED. THEIR LEADERS ARE NEAR SUICIDE OVER WHAT THEY SEE. LOOK HOW THEIR MARKETS WERE HAMMERED. LOOK AT THE DEBT PROBLEM.
THE TIME FOR THEIR GOVERNMENT AND WAY OF CIVILIZATION IS JUST ABOUT DONE. YOU MUST KNOW THAT…” The time that we are now in is a time of the anger of God against the evil-doers. It is a time that the God of righteous rejoices to repay the evil-doers for their doings, and to reward the righteous for their righteousness.”–pg.230(TFOA)
AS MUHAMMAD SAYS….” Jesus prophesied that when we see the fulfillment of the prophecy of this time, then we should know, by such acts of the people, — strange actions that we have never witnessed before — carried on by the people — “Know that it (the end) is near, even at the doors.”–pg.248(TFOA)
” The people of this world have now become so wicked and so fearful of the consequences of their own rule until the almost thoughtless vision is gone, and fearfulness has taken hold of the people.
Their head is going to and fro to the nations of the earth to find a way of peace between the heads of the nations. “A Great Time! A Troublesome Time! A Terrible Time!” “–pg.192(TFOA)
Fear returns to the eurozone
Markets take fright at Hollande’s election lead as Dutch government steps down over budget impasse. UK Treasury seeks £16bncuts because of uncertainty
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Europe’s economy took another dramatic lurch downwards yesterday as investors found fresh reason to doubt whether the Continent’s politicians will be capable of resolving the sovereign debt crisis that continues to plague the single currency bloc. Stock markets reacted badly to a deluge of disappointing economic data, the victory of the Socialist candidate François Hollande in the first round of the French presidential election and the collapse of the Dutch government.
Taking fright, Germany’s Dax index shed 3.4 per cent, while the CAC 40 in Paris slid by 2.8 per cent. In London, the FTSE100 index of leading shares closed down 1.85 per cent. Stocks on the other side of the Atlantic also fell, with New York’s Dow Jones index opening down 1 per cent yesterday. Mr Hollande has promised to renegotiate the EU’s “fiscal compact”, agreed last December.
This puts him on a potential collision course with the German Chancellor, Angela Merkel, who desperately needs the strict budget-reduction agreement to persuade her own restive parliament to approve continued financial support from Germany for other governments in the struggling eurozone.
The Netherlands became an unwelcome new focus for investor concern when the Dutch Prime Minister, Mark Rutte, tendered his resignation after the failure of his coalition government to agree on measures to slash the government’s deficit, which came in at 4.7 per cent of GDP in 2011.
The specific trigger for the government’s fall was the withdrawal of support for €16bn (£13bn) budget cuts by Mr Rutte’s far-right coalition partner, Geert Wilders. This has raised the prospect that the Netherlands may miss its target of reducing its deficit to 3 per cent this year. Elections will now be held as early as June and the sudden injection of political uncertainty sent Dutch borrowing costs, which are among the lowest in the eurozone, up yesterday to 2.43 per cent.
The difference between German and Dutch borrowing rates stretched to its highest level since the beginning of the crisis in 2010. The credit-rating agency Fitch last week threatened to downgrade the Netherlands if it failed to agree on deficit reduction. This could have dire repercussions for the rest of the eurozone since the Netherlands is one of the major guarantors of the currency bloc’s bailout fund.
“The uncertainty about the Dutch fiscal policy is tarnishing the status of the Netherlands as one of the few safe havens in the eurozone,” said Ulrich Leuchtmann, of Commerzbank.
Fears over one of the eurozone’s top bailout candidates, Spain, were also reactivated yesterday when the country’s central bank estimated that the Spanish economy shrank by 0.4 per cent in the first quarter of the year……MORE HERE
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