LCG: What’s Ahead for Europe and the Euro?

World Currencies

In its latest weekly update, LCG had the following:

What’s Ahead for Europe and the Euro? The massive debt crisis in Europe has put tremendous strain on the common currency—the euro. The spreading debt crisis is also putting increasing pressure on lending nations, namely Germany, and many are asking, “Will the euro survive?” The euro is viewed as the symbol of European integration and unity, but if it falters, the cohesion of the continent is in question. The Economist recently examined this issue and strongly advised against allowing the euro to collapse and permitting member nations to revert back to national currencies. Yet, the article speculates that a possible alliance between Germany, Austria and the Netherlands could re-mint the Deutsche mark. Such a move would be fraught with financial and political perils. The article concludes with the sobering observation: “Breaking up the euro is not unthinkable, just very costly. Because they refuse to face up to the possibility that it might happen, Europe’s leaders are failing to take the measures necessary to avert it” (The Economist, November 2, 2010). Bible prophecy indicates that just before Jesus Christ returns to this earth, a power will arise in Europe (referred to as a “Beast”) that will consist of ten kings (kingdoms, nations or groups of nations) who surrender their sovereignty to this central authority (Daniel 2:41-43; Revelation 17:7-13). We appear to be witnessing the fragile iron-and-clay nature of the EU and the “growing pains” that will lead to a final configuration.

We will see what will happen to the euro currency.

Eventually, Bible prophecy shows that Europe will be THE major economic superpower for a short time. And as I have written many times at COGwriter, I expect the euro to drop in value from time to time, and even to plummet should major civil unrest occur, until the euro (or whatever replacement currency Europe would have should the euro be dropped) becomes the de facto reserve currency essentially replacing the US dollar.

For details on those prophecies, check out the following:

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”? What is ahead for Europe?
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? When does the Bible show that economic collapse will affect the United States?
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the German Defense Minister one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
Can the Great Tribulation Begin in 2010, 2011, or 2012? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?