ECB to Solve EU’s ‘Sovereign Turmoil’?

European Central Bank, Frankfurt (Eric Chan)


In a move to “stabilize” the situation in the Eurozone, the European Central Bank (ECB) is taking on debt:

5 August 2012

Frankfurt: The European Central Bank has broken new ground in the Eurozone crisis with hints that it could start unlimited buying of stricken member states’ bonds to drive down their crippling borrowing costs…

“They have done and continue to do whatever they can within fairly strict limits imposed on them,” said Gilles Moec of Deutsche Bank said…In an upbeat assessment, Moec said that the ECB had “changed the way the current sovereign turmoil should be seen … Draghi in our view is on his way to deliver on his promises from last week.”

So, more control from the European Central Bank will help solve the “sovereign turmoil” in Europe?  All the nations in the EU basically agreed to give up sovereignty when the last of them accepted the Lisbon Treaty less than three years ago.  And just under a year after he became the EU’s first “permanent president” Herman Van Rompuy declared the end to the “nation state” in Europe, though all in the EU still do not agree (see EU President Declares End of Nation State, Britain Skeptical).

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 a 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).

As far as the Euro itself goes, regular readers of this page realize that I warned in my book 2012 and the Rise of the Secret Sect that it could possibly be replaced. It still could be, but, biblically, the Euro does not seem to have to be replaced.  We will see.

And 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.   Steps to decrease national sovereignty issues are consistent with our historical teachings.

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?
Resurgent Germany: A Fourth Reich? Who are the German peoples and where did they come from? What is Germany’s role in end time prophecy?
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?

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