The Euro crisis is thought to be entering it’s most critical phase. A toxic mix is contributing to a complete loss of confidence in the Euro as a currency, and the policy makers involved in it’s management.

Countries across Europe are beginning to see their borrowing costs rise, as fear spreads from nation to nation. Italy and Spain are both in the danger zone, and France has received repeated warnings that their credit rating is at risk of being cut. Now, what many believed to be unthinkable, Germany is struggling to attract investors on the bond market.

The Euro bailout deal, looks more and more uncertain, as Europe struggles to raise the €1 trillion it requires for it’s bailout fund. Logically, you do not need to be an economist to know Europe is not a sound investment at present.

However, this is beginning to look like end game. UK banks are now openly making plans for the biggest default in history, and the unorderly break up of the Eurozone. American investors are trying to take money out of Europe as quickly and decently as they can. British embassies in Eurozone nations, have even been told to start preparations to help Britons caught up in riots, in the wake of the Euro collapse. Even the lethargic Europhiles, who have seemed to be one step behind this entire crisis, are beginning to wake up to the fact they have very little time and few options.

Although most believe the politicians and Eurocrates will seek to do all they can to ensure the survival of the Euro, they may have ran out of time, thanks to the rapidly increasing investor panic, the worsening economic outlook, the perceived refusal of the Germans to accept a fiscal union (although lessing this to many of the other Eurozone nations may prove highly problematic) and the rejection by the European Central Bank (ECB) to act as lender of last resort.

It would take very little to cause the Euro to collapse within weeks, rather than months. However, the big test will come in January when Italy needs to raise € 30 billion.  If it cannot do so, then Italy will default. With the fear in Europe that the business sector has dried up, and 2012 looks like there will be a deep recession throughout Europe, fuelled by the austerity measures which are already crippling Greece’s economy.

Even at this eleventh hour, there is still a little hope. Policy makers need clear vision, and wisdom if Europe is to find her way through this crisis. Support Prophet TV so we can run missions into Europe. It will be anarchy if it all collapses, and not only Europe will be affected but the whole of the western economy including the USA.