Tag Archives: Germany

News

The Sinking of the Euro Ship or a Step Towards a “German Empire”

Speech from Nigel Farage

With the Spanish banks now in line for a bail-out of €100 billion you would think the markets would be delighted. That faith and confidence would return, that Spain’s salvation from economic oblivion has been averted… hip hip hooray!

Not so fast… the markets have not reacted with joy and happiness. The markets may know more about the present deal than the politicians would like them to.

The fact is Spain’s economic woes require much more than €100 billion. If Nigel Farage of the UK Independence Party (UKIP), and Member of the European Parliament, is to be believed, Spain requires € 400 billion. Watch the part of Farage’s speech to the European Parliament, he explains the problem of the Spanish bailout perfectly.

What is more, the bailout may have averted the bankruptcy of Spain’s banking sector in the short term, but it still has not solved the fundamental problems of the Eurozone. Sadly for the countries of the Eurozone, the only way out of their problems is for a polling of sovereign debt and far greater economic and political ties. This would mean a common economic policy, and loss of national sovereignty.

As George Soros warned last week the solution to the problems will very probably see Europe looking like a German Empire, Mr Soros said in his speech in Italy, “It would be a German empire with the periphery as the hinterland,” Well if Germany is to shoulder the debt of it’s neighbours, she will want to call the shots, and determine the economic path of the Eurozone.

The sad irony is that the EU was established in the wake of the second world war , for the precise reason of stopping German might from taking control of Europe- something which tore Europe apart twice in the 20th century. An important lesson from history that Brussels would do well to remember: attempts in Europe’s history to unite the continent under one rule of government has caused wars throughout the centuries: from Hitler to Napolian Bonaparte.

News

Merkel firm despite Spanish bond spike

Germany rules out instant euro fix

Germany dashes eurozone expectations France seeks eurozone stability package In depth Eurozone in crisis

Nokia to shed further 10,000 staff

Shares fall 8% as handset maker warns on losses

Nokia poised to sell Vertu line Nokia Struggling to regain investors’ confidence Ups and downs Facebook shines as Nokia fades away

GLOBAL MARKET OVERVIEW from MARKETS 11:26am

Stocks dip as eurozone fears persist

Spanish yields briefly spike above 7% after Moody’s downgrade

Video Eurozone just needs time Martin Wolf A new form of European union Wall Street edges up on stimulus hopes

From COMPANIES 7:49pm

Banks bow to EU over limit to bonuses

Payouts set to be made relative to salary

Sustainable Banking and Finance John Gapper Excessive CEO pay rarely rewards investors Big UK funds urge rethink on incentives

via FINANCIAL TIMES

Random Events, Free Will or Something Darker?

THRONE OF SATAN IN BERLIN

In the Book of Revelation John writes one of his letters to the Church in Pergamum (Revelation 2:12).

REVELATION 2:12

Pergamum is in modern day Turkey, near Istanbul, but in John’s day it was part of the Roman Empire and the centre of trade.

Despite Jesus’ rebuke to the Christian Church, he honoured them for their faithfulness, ….for standing in a place of deep darkness.

Pergamum was the city where “satan had his seat”.

Jesus mentions the death of Antipas, who was the leader of the church in Pergamum.

In dreams, the demonic priests of the temple worshipping the Greek serpent god, were visited by the demons they served, who told priests that Antipas’ prayers were forcing them, the demons, out of the region.

Antipas, Bishop of Pergamum,  was found guilty of not worshiping the Roman Emperor and sentenced to death on the altar of Zeus, known as the “Throne of Satan”.

On top of this Altar was a bronze bull, in which human sacrifices were made.

Antipas would have been put inside the hollow bull, then roasted alive.  He died a martyr, praying for his church.

The altar to Zeus has survived through the ages and in the 19th century, engineers from Germany dismantled the ruins and took them to Berlin.

The Nazi rally ground in Nuremberg, Germany, was inspired by the altar, with Hitler’s podium in the centre, in the place of the bronze bull. It was from this podium Hitler announced his “Final Solution”

The Throne of Satan is still in Germany today, housed in the Pergamum Museum in Berlin.

 

News

EU and IMF Preparing for a Greek Exist

As the crisis in Greece continues, EU leaders and officials from the IMF, are publicly talking about the possibility of Greece leaving the Euro.
Before now, this was said to be unthinkable.

But as the crisis deepens an exit is looking more likely despite the high financial costs.

Chancellor Angela Merkel of Germany has called on the Greece to hold a referendum on the Euro.

Despite the Greek people voting against EU-IMF austerity in the elections, polls still show about 70% of the country want to remain in the Euro.

However, Germany have made it clear, to remain in the Euro, they have to stick to their austerity obligations.

Also in Europe, Ireland’s banks are still struggling and it’s thought Ireland will soon need a second bail-out.

News

Hollande’s Plane Hit by Lightening

Immediately after Francois Hollande was sworn in as France’s new President, he left for a meeting with German Chancellor Angela Merkel in Germany.However, Hollande’s plane was force to turn back to Paris after it was hit by lightening.No one was injured in the incident and Hollande was soon on his way to Berlin again.Hollande has made it known he wants to renegotiate the EU Fiscal Pact.Saying today, “To our partners, I will propose a new pact that links a necessary reduction in public debt with indispensable economic stimulus.”How Hollande plans to create this “economic stimulus” without increasing public debt is less clear.Chancellor Merkel, who is known as the Iron Chancellor, has already told Hollande the EU pact is not up for re-negotiation, and she is keen to see EU governments stick to their austerity obligations. 

 

News

Eurozone Crisis Deepens After French Elections

After socialist candidate Francois Hollande won the French Presidential elections, markets fell across the world.

Hollande is France’s first socialist President in 17 years. He won on the promise of a move away from austerity, more government spending, and high taxes on the rich.

Businesses in France are concerned, with many wealthy French planning to move to London.

Hollande’s victory could also bring about division at the heart of Europe, as German Chancellor Angela Merkel has repeated calls that austerity must be stuck to. However, the southern European nations of Italy, Spain and Greece hope that Hollande will side with them in a move away from austerity.

Opinion

Why Americans Should Hope that Nicolas Sarkozy Gets Re-Elected

If Sarkozy were to loose the Presidential elections on May 6th, which looks highly likely, should we care?

Sarkozy has been more pro-American than your average French President. He played a vital role in European diplomacy with Germany, helping broker many key pieces of legislation, often at a personal political cost domestically.

Sarkozy has also brought France back into the NATO fold, and stopped French opposition to US policy in the Middle East. Sarkozy also lead the international community in the fight against the Gaddafi regime.

So if Sarkozy looses the election it is likely France will distance herself from Germany’s policy on Europe, and it is likely France will again oppose US policy in the Middle East. And in these important days both measures could have serious implications to America.

 

News

European Summit December 8th

December 8th will see the European Union Summit meet again in Brussels. Top of the agenda will be the Euro Crisis. This will be a crucial meeting, and the heads of state have to come up with a plan to quickly forge a way through the economic woes of Europe.

In their last summit they came up with the plan for a €1 trillion bailout fund, since then they have been unable to secure investment to the fund. Furthermore, the crisis has deepened with the other measures making little impact, apart from buying a little time. Therefore, this month’s summit is all the more important. Top of the agenda will be the formation of some sort of fiscal union, but the Germans are still refusing to allow the creation of Eurobonds or the ECB to become lender of last resort. However, they are insisting on “total oversight” of any new fiscal union. For example, already the Irish Prime Minister this week discovered the German Bundstag have obtained copies of the Irish budget and are closely studying it, even before the Irish legislators have seen it. What the German’s are asking for in return for the fiscal union, is unprecedented power over the Eurozone… do you think Greeks and Italians etc will happily sit back and allow Berlin to control their public finances?

Obama is pressing Cameron to bash German and French heads together to come up with the goods, and the Bank of England’s governor has said failure to do so would result in a worse financial crash than the 1930’s. As the Telegraph says, “The 1930’s saw mass unemployment and financial calamity, with stock markets losing 90 per cent of their value. More ominously still, 1930-39 was the decade when mainstream politicians lost control of events, when the Nazi’s rose to power and the far Right took charge in Europe. By the end of the decade the world was at war, and the Holocaust – the greatest crime in human history – was about to begin in earnest.” In the natural, the financial chaos of the 1930s helped Hitler win power in Germany, as he promised them prosperity and strength. The failure of the Euro will have far wider implications on the world than we could ever think or imagine.

Europe needs the mantle on Prophet TV at this time. In the past, low support has hampered the missions Prophet TV has carried out into Europe, so please support the work of God in Europe at this crucial time.

 

News

The Death of the Euro?

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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.

 

Connecting The Dots

How the Vatican Helped Nazis Escape Justice

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In the weeks and months after World War II the world began to realise the full extent of Nazi wickedness. Allied nations watched with horror as concentration camps were liberated and the testimonies of surviving Jews were told. As a response the allied nations promised justice, and pledged to prosecute those responsible for their war crimes.

Consequently Nazis sought to escape justice, and the gallows. In the confusion many gained new documents fraudulently by exploiting the Red Cross, who were overwhelmed by the shear numbers of refugees seeking safety, from across Europe. In this way thousands of Nazis gained entry to Britain and America.

However, many managed to make it to Italy, where it is believed the Vatican knowingly, via it’s refugee commission, issued many Nazis, including high raking SS officers, with false identities and documents enabling them to flee, many to South America and Franco’s Spain. Amongst those who managed escape justice were Adolf Eichmann and Josef Mengele.

No one knows the official reasons for the Vatican assisting these men, and even today the Vatican refuses to comment on this dark episode from it’s past. However, the acts of our past have a bearing on our present, the sins of the fathers are “punished” to the third and fourth generation.

Support Prophet TV as God continues to send us on missions to this area as Italy and the Vatican have a major influence on the future of Europe.

News

G20 Meeting Cannes 3rd-4th November

World leaders will meet at the next G20 summit to take place in Cannes, France, 3rd-4th November 2011. With the world on the brink of global financial meltdown, this meeting is being seen as one of the last chances the world leaders will have of formulating a plan to avert financial catastrophe.

The date has galvanised resolve amongst Europe’s leaders to come prepared with a plan for the European Debt Crisis.  President Sarkozy and Chancellor Merkel have set a dead line for the end of October to come up with a “comprehensive” response, in time for the G20 summit. Their talks have come as the US, UK and developing world have placed increased pressure on the Eurozone to come up with a plan, criticising Europe for thus far “doing too little, too late.”

Merkel and Sarkozy are seeking to put together a package that will massively recapitalize the European banking sector in order to re-establish global confidence in Europe’s banks, as well as to bolster the European Financial Stability Facility bail-out Fund (EFSF), provide strong action on Greece, and plan ahead to avoid this happening again.

Major problems to find a solution exist. In particular, France is reluctant to use tax-payers money to help the banks, and Germany does not want to continue to pour money into the EFSF. The IMF has estimated that the European banks have a black hole of €200bn, and that the EFSF requires at least an extra €440bn.

The chairman of the Bank of England has said that the current financial crisis is “the most serious… since 1930s, if ever.” Never in history has the global financial system been so interlinked and integrated; meaning that if one part of the system fails, the knock on effects are felt everywhere. If Europe falls, she will take America and the UK with her!

The 1930s financial turmoil led to social meltdown as well as serious political problems. The economic woes of the 1930s helped Hitler’s rise to power in Germany and Communism take hold. However, there is still hope. The west does not need to revisit that type of social and political meltdown. We can yet find a way forward. Key to a solution being found is strong leadership, collective international resolve, and nerve to make tough choices. The G20 meeting in Cannes may be the last chance for the world leaders to show these attributes. Up until now there has been a lack of leadership, unwillingness to act and confusion.

The current raft of measures being considered may help avert economic meltdown, but what is also needed is a workable solution to resolve the fundamental problems within the Eurozone. Until the issue of imbalances between creditor and debtor nations are resolved, any measures will prove to be a sticking plaster on the problem, and we simply stave off disaster for another day.

This is the hour our leaders need wisdom and an atmosphere controlled by the Spirit of God. Support Prophet TV so we can run an intercessory prayer trip into Europe at this key hour of decision making; It will impact upon your life as well as the lives of the next generation.

 

News

Eurozone Debt Deal…


At the much anticipated meeting of European Union heads of state in Brussels a deal was reached to hopefully solve the continuing debt crisis threatening the world economy.

Leaders agreed that the European Financial Stability Facility (EFSF), used to bailout nations like Greece when they are in trouble, has been increased to €1 trillion. Leaders also managed to reach a deal which will see a Greek debt haircut of 50%, and a plan was also reached to recapitalize the European banks. The problems in Italy were also discussed, with Italian Prime Minister Silvio Berlusconi giving assurances to the EU meeting, that his government will continue with it’s austerity drive and will seek to have a balanced budget by 2013.

When the deal was announced global stock markets rose at the signs that action had finally been taken. However, it very quickly became apparent Europe was by no means out of the woods. The deal is very short of detail. Nothing was said about how the EU will find the €1 trillion required for the EFSF and since then EU officials have been in talks with China to raise the loan. It was agreed that the fine detail of how to raise the money would be discussed at the next EU summit of leaders in December.

Furthermore, despite stock markets rising on the news, the global bond markets did not follow. The bond markets treated the deal with a great deal of caution. Since it is the global bond markets that lend to governments this is not a good sign. Put simply, investors are not investing in Europe, it is too high risk. If bond markets stop lending to large western economies, it means public sector wages go unpaid, schools close, and hospitals run out of cash. This would result in  serious civil unrest.

As for the recapitalization of the banks. When the details were looked at it was found the amount agreed upon is woefully inadequate. Analysts at Credit Suisse, after looking at the figures, concluded that this is not really a bank recapitalization at all. The recapitalization was so important because the banking sector in Europe makes up a significant proportion of GDP. If the banks fail, and require sovereign nations to bail them out it will be very difficult, and would likely have a snow ball effect on that nations credit rating. This is a particular problem for France, whose banks have a high exposure to the Greek debt.

The haircut for Greece also comes with undesirable consequences for Greece. They are to have EU officials installed in Athens, who will not oversee the running of their economy, in effect Greece has lost her economic sovereignty. This is the fate of any nation now, that requires a bailout.

With the recent attention being given to Greece and Italy, we cannot forget Portugal. Portugal is beginning to show the same signs that Greece had before it went into financial meltdown.

Behind all the deals and negotiations are the citizens of Europe, who are becoming increasingly angry at the whole affair. Solvent nations are seeing their citizens angry that they are having to bailout out the wrongs of others, and those nations in financial difficulty are seeing increased civil unrest due to the crippling austerity packages put in place. Across Europe nationalism is growing.

The deal may succeed, but there are a lot of factors at work which could cause it to unravel very quickly. This is not a time for us to be putting our faith in the politicians to find a solution; It is the time to support the work of Prophet TV, to enable the missions in Europe to continue. Economic meltdown need not happen, but we must protect Europe to ensure that it doesn’t.

 

 

 

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News

IMF, World Bank and EU deal for Europe’s Debt Crisis

This last week delegates from the International Monetary Fund (IMF), World Bank and the Eurozone have been meeting in Washington DC to try to find a way through the current economic crisis in Europe, which is the biggest immediate threat to the world’s economy.  Failure to find a workable solution will plunge the western world into another deeper recession, if not something much worse.

So far, attempts to solve the problems have done little but delay any real action being taken, and the apparent lack of understanding and leadership amongst Europe’s politicians has sparked fears of global recession throughout the markets.

The latest real suggestion would provide a €2 trillion bailout fund. The hope being, this would provide a sufficient fire-wall around Greece, Portugal and Ireland; as well provide sufficient funds to bail out Spain or Italy if they should require assistance. Furthermore the deal would provide massive re-capitalization of the European banking system. And finally a managed 50% default, or haircut for Greek debt, but still allowing Greece to remain in the Euro.

However, where €2 trillion will be found is unclear. Germany are already skeptical of pumping any more money into bad debt, as well as losing yet more fiscal powers to Brussels. Action is needed fast. The plan has been welcomed by many as a step in the right direction, however it is likely to still be an economically painful road.

The world is now looking to the next G20 meeting in Cannes, France in November, as key in forging a way through this crisis. It is imperative that the spirit under which these complicated and painful decisions will be made, is the right spirit. Support Prophet TV so we can run intercessory prayer trips into Europe at this key time for the world economy.