First step of an agreement with Greece reached, but . . .
Monday, July 13th, 2015
Donald Tusk, President of the European Council
An agreement between certain European and Greek leaders was reached:
July 13, 2015
PARIS—After 17-hours of negotiations in Brussels, eurozone leaders reached a deal that would see Greece enact difficult reforms in return for a massive new bailout.But the agreement reached by Greece and the other 18 eurozone members is by no means a done deal.
Greek Prime Minister Alexis Tsipras must now get his country’s parliament to approve tough new austerity measures by Wednesday.
Tsipras must also sell the measures to a Greek public who rejected less stringent bailout terms in a referendum just the week before.
Several eurozone members, including Germany, one of the biggest skeptics of a new deal, must also seek parliamentary approval just to start negotiations on a new assistance package for Athens.
But leaders, starting with European Union President Donald Tusk, hailed the accord.
“The decision gives Greece a chance to get back on track with the support of European parliaments. It also avoids the social, economic and political consequences that a negative outcome would have brought,” Tusk said.
German Chancellor Angela Merkel said after Greek parliament approved the conditions, she would recommend “in full confidence” that German lawmakers approve the deal.
Merkel said there was a broad array of supports, which, if implemented, would pave the way for Greece to return to growth, but it would be a long and difficult path.
Tsipras faces some difficult days ahead as he seeks approval at home.
The new austerity demands come in return for a new three-year, $95 billion bailout agreement for Athens.
Tsipras said his team had fought a tough battle, but he had to make some tough decisions to avoid a harsher outcome. Without an agreement, Greece risked bankruptcy and a possible exit from the eurozone. http://www.voanews.com/content/greece-europe-making-progress-for-bailout-deal/2859251.html
The EU wants to help Greece, Greece wants the help, but difficulties remain.
The European Union wants Greece to be part of the Eurozone. It does not want Greece to possibly turn to Russia for financial assistance. This situation is tough for the Germans and the Greeks. The Germans feel that they have lent Greece money in good faith and that they are not being paid back as agreed, while the Greeks feel that they have sacrificed enough.
Here is a report related to what Greece needs to do as part of the agreement:
July 13, 2015
Here is a look at what Greece must do:
— Request continued support from the International Monetary Fund after its current IMF program expires in early 2016.
— Streamline consumer tax and broaden the tax base to increase revenue. Laws on this are due by Wednesday.
— Multiple reforms to the pension system to make it financially viable. Initial reforms are due by Wednesday, others by October.
— Safeguard the independence of the country’s statistics agency.
— Introduce laws by Wednesday that would ensure “quasi-automatic spending cuts” if the government misses its budget surplus targets.
— Overhaul the civil justice system by July 22 to make it more efficient and reduce costs.
— Carry out product market reforms that include allowing stores to open on Sundays, broadening sales periods, opening up pharmacy ownership, reforming the bakeries and milk market and opening up closed and protected professions, including ferry transport.
— Privatize the electricity transmission network operator unless alternative measures with the same effect can be found.
— Overhaul the labor market. This includes reviewing collective bargaining, industrial action and collective dismissal regulations.
— Tackle banks’ non-performing loans and strengthen bank governance.
— Significantly increase the privatization program, transferring 50 billion euros worth of Greek assets to an independent fund, based in Greece, to carry out the privatizations.
— Modernize, strengthen and reduce the costs of Greek administration, with a first proposal to be provided by July 20.
— Allow members of the three institutions overseeing Greece’s reforms — the European Central Bank, IMF and European Commission, previously known as the ‘troika’ — to return to Athens. The government must consult with the institutions on all relevant draft legislation before submitting it to public consultation or to parliament.
— Re-examine, with a view to amend, legislation passed in the last six months that is deemed to have backtracked on previous bailout commitments. http://www.foxnews.com/world/2015/07/13/look-at-key-points-in-agreement-between-greece-and-its-eurozone-partners/
One idea that had been floated, but is not listed above, is basically that Greece would pledge some of its islands as collateral. Notice a report claiming that the deal will make Greece a colony of the northern Europeans:
July 13, 2015
Tsipras insisted he had fought “a righteous battle” to secure the deal. He predicted that the “great majority of Greek people will support this effort”.
But after sacrificing most of his election promises to keep the country in the euro, the novice premier’s political survival could be at stake, despite his high popularity.
Labour Minister Panos Skourletis, a former Tsipras spokesman, predicted Monday that the government would lose its majority in parliament and have to hold elections later this year.
“There is now an issue of government majority (in parliament)…. I see (elections) in 2015, it’s imperative,” Skourletis told state TV ERT.
‘Debt colony’
The Iskra website, which echoes the views of Tsipras’s chief party opponent, eurosceptic Energy Minister Panagiotis Lafazanis, did not pull its punches either.
“After 17 hours of ‘negotiations’, the leaders of eurozone states reached a humiliating agreement for Greece and the Greek people,” the website said.
Greece would become a “debt colony” in a “German-supervised EU,” the hardline leftist outlet said.
According to reports, Tsipras is considering reshuffling his cabinet to axe Lafazanis and a few other anti-euro hardliners. http://www.theaustralian.com.au/business/greece-crisis-bailout-talks-break-down-as-grexit-looms-closer/story-e6frg8zx-1227439431890
So, it would seem that many in Greece will not love this deal, and some in Germany will be disappointed with the lack of tangible assets.
The government of Alex Tsipras finally seems to realize that the Europeans/Germans have been subsidizing their nation for some time and that lack of subsidy will hurt. (Of course, most Americans do not realize how much they have been subsidized and big problems will hit the USA because of it per Habakkuk 2:6-8.)
There will be difficulties in Greece. Notice something from the Wall Street Journal:
July 13, 2015
Greeks gave a mixed reaction Monday to news that Mr. Tsipras had reached a deal with lenders that includes punishing austerity measures that go far beyond the ones overwhelmingly rejected in a July 5 referendum.
Mr. Tsipras now finds himself in a surreal position politically. The new deal —in which Greece would receive bailout money totaling up to €86 billion ($96 billion) in exchange for heavily opposed reforms such as pension cuts and VAT hikes—represents a spectacular U-turn for Mr. Tsipras, who was swept into office in January on an antiausterity platform.
Now, he must back tougher versions of the measures he has vehemently disavowed for months. And to get the new package through Greece’s parliament by Wednesday, as required by Greece’s creditors, he must rely on backing from political opponents, rather than his own left-wing Syriza party. http://www.wsj.com/articles/tsipras-faces-hard-sell-of-bailout-to-parliament-1436792673
Every day of delay in the agreement would seem to mean a delay in Greece getting funds and funding, so ‘necessity’ may get this through the Greek parliament. And on the European side, the leaders there are likely pleased that Greece will now not have to turn to Russia or China and away from Europe.
I still expect to see more civil unrest in Greece, as well as parts of Europe that civil unrest would seem to be almost unheard of, before Europe more fully comes together.
As regular readers of this news page are aware, the Bible is clear that the final European Beast power will be a mixture of of weak and strong parties that do not adhere particularly well together per Daniel 2:41-43. But it will adhere for a time and the end result will be that the Beast power will arise and surprise many (Revelation 13:1-4).
Some items 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”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch 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? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
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”? There is also a You-Tube video sermon on this titled Germany’s Biblical Origins.
Germany in Biblical and Catholic Prophecy Does Assyria in the Bible equate to an end time power inhabiting the area of the old Roman Empire? What does prophecy say Germany will do and what does it say will happen to most of the German people? Here is a link to a related sermon titled Germany in Bible Prophecy. Here is a link to a video Is the USA Pushing Germany to Start WWIII?
Mexico, Central America, South America, Brazil, and the Caribbean in Prophecy [Español: México, América central, Suramérica, Brasil y el Caribe en la profecía] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What role might the various Caribbean nations/territories play?
Hillary Clinton, Prophecy, and the Destruction of the United States This is a 188 page book for people truly interested in prophecies related to Hillary Clinton and the United States, including learning about many that have already been fulfilled and those that will be fulfilled in the future. It also discusses Republicans. The physical book can be purchased at Amazon from the following link: Hillary Clinton, Prophecy, and the Destruction of the United States: Is Hillary Clinton Fulfilling Biblical, Islamic Catholic, Hopi, and other America-Related Prophecies? $11.99.
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition. This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (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-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?