German Courts Approve Euro Support while EU’s José Barroso wants ‘democratic federation of nation states’
European Central Bank, Frankfurt (Eric Chan)
Today, a German court ruled in favor of supporting the Euro and the creation of a “stability mechanism”:
12 September 2012
Germany’s Federal Constitutional Court ruled that Chancellor Angela Merkel can sign a bill into law that will create a mechanism to support the common currency. The court did attach some restrictions—Germany can only provide the agreed sum of $240 billion without parliamentary approval. Nonetheless, it now allows the euro zone to create the European Stability Mechanism, an important step toward bolstering faltering economies in Spain, Portugal, Ireland and Greece.
The mechanism will oversee the bailouts and work with the European Central Bank to buy bonds and lower the prohibitively high borrowing costs that threaten to choke access to financial markets. http://www.forbes.com/sites/abrambrown/2012/09/12/german-courts-approval-of-euro-rescue-fund-ignites-rally/
So, another step towards supporting the Euro and greater economic cooperation in Europe in the interest of “stability” (and the formation of a European Stability Mechanism) has been approved. More and more, however, individual nations are losing their sovereignty. And that, by-the-way, seems to be consistent with what the EU’s first, and current, “permanent president” Herman Van Rompuy publicly suggested in 2010 that would be necessary (see EU President Declares End of Nation State, Britain Skeptical and Herman Van Rompuy: EU Integration is the Answer for Peace and Stability). Notice also the following:
Sept 12, 2012The European Union needs to evolve into a “democratic federation of nation states” as a long-term solution to its economic and political crises, European Commission President José Manuel Barroso said today. http://www.publicserviceeurope.com/article/2438/barroso-calls-for-eu-federation-of-nation-states
There certainly there are problems with the European confederation, yet the Bible predicted them (cf. Daniel 2:41-43). The Bible also tells of a major economic power that exerts control over buying and selling (Revelation 13:1-4,16-18) will arise out of Europe.
The Bible shows that despite weakness (Daniel 2:41-43) there will be at least one (most likely more) reorganization in Europe–where, basically, whatever remaining national or regional sovereignty will be given up (Revelation 17:12-13). The Bible also shows that ultimately, a major dictator (and the person I currently suspect for that role currently holds no major official government office) will rise up and rule end time Babylon (Revelation 17:1-13), the final King of the North, European Beast power of Bible prophecy (Daniel 11:40).
While Europe is not yet ready to support the final King of the North, we in the Philadelphia remnant of the Church of God have long taught that it will be. And steps in that direction continue to be taken in Europe.
Some articles of possibly related interest may include:
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? What MUST happen BEFORE the Great Tribulation?
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the German Defense Minister one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Germany’s Assyrian Roots Throughout History Are the Germanic peoples descended from Asshur of the Bible? Have there been real Christians in Germanic history? What about the “Holy Roman Empire”?
When Will the Great Tribulation Begin? 2012, 2013, or 2014? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000?