Gail (5 Dec 2011)
"On the way to the Mark of the Beast"

It is now becoming clear Germany has had enough of this euro mess Nov26, 2011

The longer this eurozone crisis continues, the more likely it becomes that “contagion” threatens the fiscal stability of Germany itself, the region’s economic powerhouse.  The German chancellor is now apparently more likely to launch a massive “bail-out” fund for the eurozone laggards, while sanctioning overt QE “money-printing” by the European Central Bank.

It's still plausible the most likely outcome is that several of the peripheral nations will leave, re-denominating their debts in pre-euro currencies, so allowing the core countries to stabilise. This, I believe, is what Germany really wants.  A downsizing would also be far more implementable, logistically and from a banking point of view, than dismantling the entire edifice.

Daniel 7:verse 8 - 

                                        Daniel 7:8
 I considered the horns, and, behold, there came up among them another little horn, before whom there were three of the first horns plucked up by the roots: and, behold, in this horn were eyes like the eyes of man, and a mouth speaking great things.

Brussels sees no serious opposition to eurobonds


BRUSSELS - The European Commission has launched a polemic(a dispute or controversy)  on eurobonds - a proposal that eurozone countries should guarantee one another's debt, taking member states into uncharted territory in terms of solidarity and trust.

The comments particularly concern Germany, the eurozone biggest economy, which has been vocal in its opposition - expressed once again on Wednesday morning - to eurobonds as an immediate solution to the eurozone's debt crisis.

Of the three options the full eurobond, replacing the issuance of all national bonds, is seen as having the strongest "potential positive effects on stability and integration". Moral hazard

The paper devotes a whole section to moral hazard.


Rome was Not Built in a Day

While the co-operation between the first post-Lisbon presidencies and HR Catherine Ashton was rather spontaneous and based on a trial-and-error method, the current Polish-Danish-Cypriot trio look better prepared.

The EU Directors of Poland, Denmark and Cyprus all showed commitment to reinforcing the single market.

Polish EU Director Artur Harazim and his Trio counterparts, reassured the meeting’s participants that they will not allow the energy policy to lose momentum. The European Council’s meeting on 4 February resulted in a breakthrough agreement: Member States committed to establishing the single European energy market by 2014. To this end, their purpose is to adopt conclusions on energy relationships between the EU and third countries by the end of 2011.


Very soon they will address :

The Union for the Mediterranean (UfM) is a multilateral partnership that encompasses 43 countries from Europe and the Mediterranean Basin: the 27 member states of the European Union and 16 Mediterranean partner countries from North Africa, the Middle East and the Balkans. It was created in July 2008 as a relaunched Euro-Mediterranean Partnership (the Barcelona Process), when a plan to create an autonomous Mediterranean Union was dropped. The Union has the aim of promoting stability and prosperity throughout the Mediterranean region. Nevertheless, its 2009 and 2010 Summits could not be held due to the stalemate of the Arab-Israeli peace process after the Gaza war.

The Union for the Mediterranean is the southern regional cooperation branch of the European Neighbourhood Policy. Its eastern counterpart is the Eastern Partnership.

Mid-Point - March 21st 2013

God Bless,