Will Greece exit the European common currency zone?
"Several newspapers, including the Wall Street Journal and the Financial Times Deutschland,
are reporting that euro-zone finance ministries are making contingency
plans in the event of a Grexit, as the media has dubbed the
eventuality" ("Greece and the Common Currency: Euro Zone Developing
Grexit Contingency Plan," Spiegel Online, May 24, 2012).
Germany is losing its patience with Greece. "German Interior
Minister Hans-Peter Friedrich hinted at his country's growing
frustration. 'We're not willing to pour money into a bottomless pit,' he
said . . . 'Anyone who wants to see help and solidarity from us has to
accept that we expect from that country a certain amount of seriousness
and a certain amount of reasonableness" ("'Pay Your Taxes': Greeks
Furious Over Harsh Words From IMF and Germany," Spiegal Online, May 28,
2012).
There appears to be a growing majority in Greece who want to become
financially sound, and some in Greece say that most Greeks want to pay
their taxes.
Your Bible reveals the underlying troubles in holding the European
Union and any subsequent form together: "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. 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 2:42-43
).
).
Conflict works against the drive toward integration and unity. But
increased integration will yet come. (Source: Spiegel Online.)
No comments:
Post a Comment