The European Mountain Crumbles Into Caos

GREETINGS,

TO TIME HAS COME WHEREIN YOU MUST ADMIT THAT WE HAVE BRINGING YOU THE TRUTH SOUNDING IT AS LOUD AS COULD POSSIBLY BE SOUNDED. IT IS NOW WE WHO ARE COMING OVER TO NEWS EVENTS, BUT IT IS THE NEWS AND CURRENT EVENTS WHICH ARE STARTING TO COME OVER TO OUR TEACHINGS AND BARE WITNESS TO MESSENGER ELIJAH MUHAMMAD 100%.

REMEMBER THAT…”  A terrible time is gradually approaching upon us. A time so terrible until it will make children grey-headed, the Holy Qur’an teaches us.

   The Bible teaches us that it will be a time never witnessed by man and there will be such time in the hereafter. It is a great time. Day and night storms are writhing the country. It is storming day and night!

   The Holy Qur’an prophesies of calamities, one right after the other. This we are witnessing with our own eyes. “–pg.251(TFOA)

DIDN’T WE SAY THAT THIS CRISIS WAS NOT IN ITS BEGINNING STAGE, BUT THAT THIS WAS THE END OF THE BEGINNING AND THINGS WOULD INTENSIFY?

LOOK HERE: European collapse: The end of the beginning!

Europe dithers as Greece vote looms

SOURCE: www.bbc.co.uk

Europe is divided and uncertain and the euro – at least initially – has fallen to a 22-month low against the dollar.

Its leaders spoke for six hours but the decisions have been put off until another summit at the end of June. This was an informal dinner “without taboos” but Europe may not be granted the time to talk rather than act.

Greece was not formally on the agenda but it overshadowed the meeting.

The leaders pledged to do everything to keep Greece in the eurozone but as Chancellor Merkel said: “We expect them to stick to their commitments.”

There was no new strategy to stop Greece leaving if it votes for candidates in the forthcoming election who oppose the austerity measures that are the condition for the bailouts.

There was an ill-defined offer to divert some EU structural funds to Athens in order to boost growth.

Quite deliberately, European leaders want the Greeks to realise they could end up outside the euro and that this prospect will give them pause for thought. There are some indications that this strategy might be working.

In the meantime countries are advised to make contingency plans for a Greek exit, in particular how to protect the banking sector.

In Brussels the working assumption is that Greece will remain in the eurozone but privately officials say they will have to try to make any departure orderly if it happens.

Ideas for growth

The main focus of the meeting was how to boost growth. The leaders denied that there was a choice between austerity and growth. Both, in their view, are needed. Deficits have to be reduced but growth is essential.

Some ideas have momentum behind them: using EU structural funds for infrastructure projects, expanding the single market, giving a trial run to so-called project bonds where private investment is attracted to invest in new transport links and the digital economy.

The Germans remain convinced that freeing up labour markets and easing regulations would have the biggest impact.

The new French President, Francois Hollande, did raise the issue of eurobonds – common European debt.

This would bring down the borrowing costs for the weaker countries whilst Germany would end up paying more.

Mr Hollande probably had a majority of countries supporting him – at least the Italian leader thought so.

Angela Merkel was not isolated, however. Her view is that eurobonds would remove the incentive for countries to behave responsibly. She also believes that eurobonds are not an instrument for growth.

For the moment the plan for eurobonds has been parked in the long grass…..MORE HERE

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