Spain Accepts Bailout, But Calls it a “Line of Credit” Instead

European Union Tower of Babel Poster

COGwriter By Michael

Spain’s Prime Minister attempted to emphasize that they are not being bailed out as many assume; it’s really a “line of credit.”

Spain Accepts Bailout for Its Banks as Leader Warns of Tough Year Ahead
June 10, 2012

“Nobody pressured me, I was the one who pressured to get credit,” Prime Minister Mariano Rajoy [of Spain] said at a news conference here. The aid, worth up to €100 billion… for its cash-starved banks, is a deal, he said, that ensured “the credibility of the European project, the future of the euro, the solidity of our financial system and the possibility that credit will flow again.” …

Spain and its European partners still need to finalize in coming weeks the exact amount of the credit line, and any conditions attached to it.

The exact conditions tied to this deal are important to know. The article emphasized the importance of this deal — not only for Spain, but it also helps the future of the euro.

Here’s some of what I wrote yesterday regarding this deal:

By reading more into the 3 hour video conference that discussed Spain’s bailout, it brings up an interesting change. It appears that the eurozone is going to try to help but be less politically “controlling.” There’s still “strings attached.” However, because of the negative outlooks on Germany taking charge, this bailout may officially have less conditions for Spain.

Taking financial control, slowly and monetarily, is a peaceful move.

And in his place shall arise a vile person, to whom they will not give the honor of royalty; but he shall come in peaceably, and seize the kingdom by intrigue. (Daniel 11:21)

This is how a nation (lender) gains control (servants):

The rich rules over the poor,
And the borrower is servant to the lender. (Proverbs 22:7)

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?
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?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?

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