Spanish politician hopes to follow Greece: Are the PIGS rising up?

Debt profile of Eurozone countries (Spitzi)

The election of an anti-austerity party in Greece on Sunday has encouraged an anti-austerity party in Spain:

January 27, 2015

If there is one country in Europe where the fallout of the Sunday’s election result in Greece is felt most keenly, it is Spain.

Like in Athens, the government in Madrid has relied on a European bailout to support the economy and it has suffered from high unemployment, a large budget deficit and deteriorating living conditions. …

Podemos, which translates as “We Can,” was formed almost a year ago, and in some polls is already equal with the centre-right governing Popular Party and the opposition Socialists. …

“Many things unite the Greek and Spanish people to lead a new European project,” Iglesias told a rally in Valencia on Sunday. “They’ve wanted to look down on us as ‘Mediterraneans.’ They’ve called us ‘PIGS [an acronym for Portugal, Italy, Greece and Spain].’ They’ve wanted to turn us into a periphery. They want us to be countries of cheap labour forces. They want our young people to be the servants of rich tourists. Today we say that we are proud to be from the South, and that from the South we are going to return to Europe and to all its peoples the dignity that they deserve.” http://time.com/3683782/spain-podemos-syriza/

January 27, 2015

It’s no secret what Yanis Varoufakis thinks Greece should do with its debt.

The economics professor at the University of Athens…has been arguing since the beginning of the crisis that Greece should default while staying a member of the euro area. …

Greece should have never joined the euro area, but now that it’s in, a departure would be like falling from a cliff, he said. “The last line in Hotel California explains where we are: you can check out any time, but you can never leave,” he told Bloomberg Radio in May 2012.

Now he gets to take demands for a radically different approach to Greece to European capitals as the new government in Athens tries to implement its pre-election pledges.

At the core of them is to rewrite the agreements with the euro area and the International Monetary Fund for the country’s 240 billion-euro ($271 billion) financial rescue program, though Syriza’s official party line is not to default.

“The problem with the bailout is that it wasn’t really a bailout,” Varoufakis, 53, said in a Bloomberg Television interview on Jan 26. “It was an extend and pretend, it was a vicious cycle, a debt-deflationary trap, which not only destroyed our social economy but also showed that the cost of our so-called bailout for the average German, the average Italian, the average Slovak was maximized.” http://www.bloomberg.com/news/2015-01-27/greece-s-new-finance-minister-says-euro-is-like-hotel-california.html

January 27, 2015

Antiestablishment parties across Europe hailed left-wing Syriza party’s triumph in Greece’s elections as a turning point, seeking to boost followers’ confidence that they can break with European Union economic policies they blame for miring much of the region in a seven-year slump.

From left-wing groups such as Spain’s Podemos and Ireland’s Sinn Féin to right-wing movements such as France’s National Front and Britain’s U.K. Independence Party, populist parties sought to present Syriza’s win as payback for what they see as out-of-touch mainstream parties and EU institutions.

“I am delighted by the enormous, democratic slap in the face that the Greek people have delivered to the European Union,” Marine Le Pen, leader of the far-right Front National, said on French radio station RTL. France’s far left was just as enthused. “The end has begun for the era of the all-powerful arrogance of the neoliberals in Europe,” said the Left Party’s Jean-Luc Mélenchon, who won 11% of the vote in France’s 2011 presidential elections.

In economically struggling countries around the eurozone periphery, parties opposed to German-sponsored austerity policies sought to share Syriza’s night of glory and boost their own popular momentum.

Most of them, however, also share Syriza’s predicament: Many countries, including Greece, lack the money to break with the austere fiscal policies that are fraying support for established parties and sending voters flocking to the populists.

Spanish leftists Podemos were the loudest foreign supporters of Syriza during Greece’s election campaign. http://www.wsj.com/articles/europes-populists-hail-syriza-win-from-left-and-right-1422320824

So, some of the so-called PIGS want to restructure and/or default on their debt. The nations in the Eurozone that have funded that (like the Germans) are not pleased with this–US President Barack Obama even called German Chancellor Angela Merkel years ago to encourage German financing of the situation in Greece back then (see World events aligning with 2012 and the Rise of the Secret Sect). There were also reports that the USA helped support the Euro at times.

Recently, news like the Greek election results, possible defaults, and other problems in Europe have been factors in the reduction of the value of the Euro. In US dollar terms, the Euro was worth about $0.88 in 2002 and went to about $1.60 in 2008. It is currently worth about $1.14.

Notice also the following:

Why Europe fears a Grexit more than a new bailout

Neighbours’ biggest worry about Greece’s departure from euro: What if it works?

January 27, 2015

Europe is caught on the horns of a dilemma.

Just when economists and financiers were dusting their hands over a job well done fixing Greece’s economy, they stumbled across an irritating roadblock. From its birthplace, democracy intervened.

In a warning that goes far beyond the continent, European governments have been forced to realize that satisfying bondholders is not always enough. Bondholders have a lot of power but the Greek election reminds us that, when pushed too far, voters have more. …

Greece’s critics say the country’s current financial mess is its own fault because it borrowed too much. By that argument, if Greeks reject the discipline of austerity, they alone should accept the consequences of leaving the euro, the so-called Grexit. …

For a number of reasons, default is difficult while Greece continues to use the euro. But if it exits the euro and switches its euro-denominated loans into a new currency, it can safely devalue that currency and start afresh.

The other flaw in the anti-Greece argument is the view that only Greeks will be hurt. The fact is that while the new currency, let’s call it the drachma, would make European goods more expensive, the burden of austerity would be gone. …

European pain

If a Grexit happens, European institutions will have lost just as much cash as if they had made a deal to forgive some of the Greek debt. There is no guarantee such a separation would be painless, nor that a post-euro Greece would be a trouble-free, easygoing member of the European Union. The tearing sounds would be loud, both inside and outside the eurozone.

But there is a much worse outcome for the countries of Northern Europe — if a Grexit is a success. …Even if they are only partially successful they would be a model for other struggling Southern European economies. http://www.cbc.ca/news/business/why-europe-fears-a-grexit-more-than-a-new-bailout-1.2931768

Could the Euro-zone break up? Is it possible that the Euro will not survive?

Notice something I had published in 2009:

It would seem that once the U.S. dollar totally collapses people all around the world will consider that even if the Euro is strong, having a more gold-backed currency would be safer. Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro) may greatly increase European credibility, prosperity, and influence around the globe. (Thiel B. 2012 and the Rise of the Secret Sect. Nazarene Books, 2009, p. 333)

Which is similar to something I had published in 2013:

When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer. The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies.

Having the European power acquiring a lot more gold to back the Euro (even if the backing is only implied) or possibly other future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe (and will happen, to a degree, before that King arises). (Thiel B. Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term. Nazarene Books, 2013, p. 133)

Notice that both books also mentioned gold when discussing the currency of Europe. The Europeans have talked a lot about gold lately, with some of the nations repatriating some. Some feel that this is being done in case there is a more serious crisis with the Euro.

Can the experiment known as the European Union continue? Will there be changes? Will there be civil unrest?

The Bible teaches that the final ‘ten toes’ of the European power will have difficulties, not adhere well together, and will have multiple reorganizations:

41 Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. 42 And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. 43 As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay. (Daniel 2:41-43)

12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. (Revelation 17:12-13)

The lack of adhesion will be a factor in some of the unrest we will see in Europe in the future. We will also see how many ‘reorganizations’ Europe may have to go through before those mentioned in Revelation 17:12-13.

A Euro collapse is NOT biblically-required as far as I can tell, but it is also not biblically-impossible either.

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?
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.
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.
Might German Baron Karl-Theodor zu Guttenberg become the King of the North? Is the former German Defense Minister (who is also the former German Minister for Economics and Technology) one to watch? What do Catholic, Byzantine, and biblical prophecies suggest?
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?
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.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Blood Moons and Prophecy There are four ‘blood moons’ expected in 2014 and 2015. Do they signal the Day of the Lord or the return of Jesus Christ? A related YouTube video is also available: Blood Moons, Prophecy, 2014, and 2015.
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?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
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.