Europe to Offer Spain €100 Billion Bailout
To help stabilize the European currency and the 17 nation eurozone as a whole, Spain will have the option to accept up to €100 billion (about $125 billion). Although Greece had a larger bailout, Spain will likely be the largest nation in the eurozone to receive a bailout.
Europe bailout of Spain could cost $125 billion
AP; June 9, 2012…that plan allows Spain to avoid making the onerous commitments that Greece, Ireland and Portugal were forced to when they sought their rescues. Instead, the eurogroup statement said that it expected Spain’s banking sector to implement reforms and that Spain would be held to its previous commitments to reform its labor market and manage its deficit.
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.
We will have to wait and see to understand the exact conditions that will be placed on 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?
 |
Tweet |
|