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Friday, January 7, 2011

Why the Euro Will Not Fail

Bloomberg wrote on December 31:
“French President Nicolas Sarkozy said today that an end of the euro common currency would signal the end of Europe.  ‘Europe held strong, Europe protected us’ in the economic crisis, Sarkozy said… ‘I will oppose this backlash with all my strength,’ he said… France will hold the rotating chairmanship both of the Group of 20 nations and of the Group of Eight in 2011…”

Reuters reported on December 30:
"’Europe stands, in these months, in the middle of a great test. We must strengthen the euro. It's not just about our money. The euro is far more than a currency,’ [German Chancellor Angela] Merkel [told] the country… ‘The euro is the foundation of our prosperity. Germany needs Europe and our common currency. For our own well-being and in order to overcome great worldwide challenges. We Germans assume our responsibility, even when it is sometimes very hard.’"

President Sarkozy and Chancellor Merkel are absolutely right. The end of the euro would be the end of Europe, and since the Bible clearly says that Europe’s unification (the last revival of the ancient Roman Empire) will continue until shortly before Christ’s return, we know that the euro will also continue to be the common currency for the major EU countries—including the ten nations or groups of nations which will arise out of the current EU. Far from abandoning the euro, more and more European countries are adopting it, as the next article shows:

The Associated Press reported on December 31:
“Estonians are preparing for historic New Year's celebrations as the tiny Baltic country begins phasing in the euro on Jan. 1. Estonia will become the 17th nation in the euro area and the first former Soviet republic to adopt the common currency.”
This is not to say that the world, including Europe, won’t face for a while dire or “expensive” times in the future, including financial hardship. Jesus speaks in His famous Olivet Prophecy of “expensive times,” in addition to wars and “earthquakes here and there” (Matthew 24:7, revised Luther translation from 1964). 

This information id culled from the church of the eternal God weekly.

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